Citigroup Begins Coverage on Bank Of The Ozarks (OZRK)

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Citigroup started coverage on shares of Bank Of The Ozarks (NASDAQ:OZRK) in a report issued on Monday morning, MarketBeat.com reports. The firm issued a buy rating and a $62.00 price objective on the financial services provider’s stock.

A number of other analysts have also recently weighed in on OZRK. BidaskClub cut shares of Bank Of The Ozarks from a buy rating to a hold rating in a report on Tuesday, February 27th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $57.00 target price on shares of Bank Of The Ozarks in a research note on Tuesday, February 27th. Zacks Investment Research cut shares of Bank Of The Ozarks from a hold rating to a sell rating in a research note on Tuesday, March 13th. UBS Group began coverage on shares of Bank Of The Ozarks in a research note on Thursday, March 22nd. They issued a sell rating and a $45.00 target price for the company. Finally, Brean Capital reiterated a buy rating on shares of Bank Of The Ozarks in a research note on Thursday, April 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Bank Of The Ozarks currently has a consensus rating of Hold and a consensus price target of $55.27.

NASDAQ:OZRK opened at $47.50 on Monday. Bank Of The Ozarks has a fifty-two week low of $40.15 and a fifty-two week high of $53.70. The stock has a market capitalization of $6.15 billion, a PE ratio of 16.05, a PEG ratio of 1.08 and a beta of 1.34. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10.

Bank Of The Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Thursday, April 12th. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Bank Of The Ozarks had a net margin of 40.54% and a return on equity of 11.65%. The business had revenue of $246.48 million for the quarter, compared to analysts’ expectations of $246.11 million. During the same period last year, the business earned $0.73 EPS. equities research analysts forecast that Bank Of The Ozarks will post 3.69 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Diamond Hill Capital Management Inc. purchased a new position in Bank Of The Ozarks during the 1st quarter worth approximately $81,272,000. Summit Trail Advisors LLC raised its position in Bank Of The Ozarks by 4,155.0% during the 1st quarter. Summit Trail Advisors LLC now owns 919,000 shares of the financial services provider’s stock worth $919,000 after buying an additional 897,402 shares during the last quarter. Millennium Management LLC raised its position in Bank Of The Ozarks by 1,411.1% during the 4th quarter. Millennium Management LLC now owns 900,076 shares of the financial services provider’s stock worth $43,609,000 after buying an additional 840,513 shares during the last quarter. Epoch Investment Partners Inc. raised its position in Bank Of The Ozarks by 20.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 4,366,597 shares of the financial services provider’s stock worth $210,776,000 after buying an additional 739,871 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in Bank Of The Ozarks by 24.2% during the 4th quarter. William Blair Investment Management LLC now owns 3,097,339 shares of the financial services provider’s stock worth $150,066,000 after buying an additional 602,974 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

Bank Of The Ozarks Company Profile

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.

Analyst Recommendations for Bank Of The Ozarks (NASDAQ:OZRK)

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