Bank of the Ozarks (NASDAQ:OZRK) has earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $54.14.
OZRK has been the subject of several research reports. Zacks Investment Research cut Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Brean Capital reiterated a “buy” rating on shares of Bank of the Ozarks in a research note on Thursday, April 5th. BidaskClub upgraded Bank of the Ozarks from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. UBS assumed coverage on Bank of the Ozarks in a research note on Thursday, March 22nd. They set a “sell” rating and a $45.00 price objective for the company. Finally, Barclays dropped their price objective on Bank of the Ozarks from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday, April 11th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Bank of the Ozarks by 78.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,293 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,450 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Bank of the Ozarks by 115.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,459 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 1,852 shares during the last quarter. Meridian Management Co. purchased a new stake in shares of Bank of the Ozarks during the fourth quarter valued at approximately $201,000. Exane Derivatives increased its position in shares of Bank of the Ozarks by 78.8% during the fourth quarter. Exane Derivatives now owns 4,486 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 1,977 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in shares of Bank of the Ozarks during the first quarter valued at approximately $235,000. 89.42% of the stock is currently owned by institutional investors.
Bank of the Ozarks (NASDAQ:OZRK) last announced its earnings results on Thursday, April 12th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The firm had revenue of $246.48 million during the quarter, compared to analysts’ expectations of $246.11 million. Bank of the Ozarks had a return on equity of 11.65% and a net margin of 40.54%. During the same quarter in the prior year, the business earned $0.73 earnings per share. equities research analysts expect that Bank of the Ozarks will post 3.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 20th. Stockholders of record on Friday, April 13th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Thursday, April 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.19. Bank of the Ozarks’s dividend payout ratio (DPR) is currently 26.35%.
About Bank of the Ozarks
Bank of the Ozarks provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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