Bank Of The Ozarks (OZRK) Coverage Initiated at Barclays

Analysts at Barclays started coverage on shares of Bank Of The Ozarks (NASDAQ:OZRK) in a research note issued on Wednesday. The firm set an “overweight” rating and a $60.00 price target on the financial services provider’s stock. Barclays’ target price suggests a potential upside of 21.21% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. SunTrust Banks restated a “hold” rating and issued a $50.00 target price on shares of Bank Of The Ozarks in a research note on Thursday, October 12th. Brean Capital restated a “buy” rating on shares of Bank Of The Ozarks in a research note on Wednesday, December 6th. Raymond James Financial dropped their target price on shares of Bank Of The Ozarks from $59.00 to $57.00 and set an “outperform” rating on the stock in a research note on Thursday, October 12th. Morgan Stanley restated an “overweight” rating and issued a $54.00 target price on shares of Bank Of The Ozarks in a research note on Thursday, December 14th. Finally, Zacks Investment Research upgraded shares of Bank Of The Ozarks from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. Bank Of The Ozarks has a consensus rating of “Buy” and an average price target of $55.56.

Shares of Bank Of The Ozarks (OZRK) traded up $0.99 during mid-day trading on Wednesday, reaching $49.50. 1,566,000 shares of the company’s stock were exchanged, compared to its average volume of 1,087,600. The company has a market cap of $6,380.00, a P/E ratio of 18.27, a P/E/G ratio of 1.21 and a beta of 1.50. Bank Of The Ozarks has a twelve month low of $40.15 and a twelve month high of $56.86.

Bank Of The Ozarks (NASDAQ:OZRK) last issued its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The business had revenue of $242.47 million for the quarter, compared to the consensus estimate of $243.67 million. Bank Of The Ozarks had a net margin of 65.67% and a return on equity of 11.85%. During the same period in the prior year, the firm earned $0.66 EPS. analysts anticipate that Bank Of The Ozarks will post 2.95 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in OZRK. Epoch Investment Partners Inc. lifted its position in shares of Bank Of The Ozarks by 93.2% in the 3rd quarter. Epoch Investment Partners Inc. now owns 3,785,464 shares of the financial services provider’s stock worth $181,892,000 after purchasing an additional 1,826,476 shares during the period. Vanguard Group Inc. lifted its position in shares of Bank Of The Ozarks by 8.6% in the 2nd quarter. Vanguard Group Inc. now owns 10,724,158 shares of the financial services provider’s stock worth $502,641,000 after purchasing an additional 852,398 shares during the period. Principal Financial Group Inc. lifted its position in shares of Bank Of The Ozarks by 23.3% in the 3rd quarter. Principal Financial Group Inc. now owns 3,870,471 shares of the financial services provider’s stock worth $185,976,000 after purchasing an additional 731,591 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Bank Of The Ozarks by 135.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 974,224 shares of the financial services provider’s stock worth $46,812,000 after purchasing an additional 561,118 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Bank Of The Ozarks by 4.8% in the 2nd quarter. BlackRock Inc. now owns 10,457,898 shares of the financial services provider’s stock worth $490,162,000 after purchasing an additional 480,415 shares during the period. 84.97% of the stock is owned by hedge funds and other institutional investors.

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About Bank Of The Ozarks

Bank of the Ozarks, Inc is a state chartered bank that provides retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts. Its loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services.

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

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