Bank of the Ozarks Inc. (NASDAQ:OZRK) – Equities research analysts at SunTrust Banks lowered their Q2 2017 earnings per share estimates for shares of Bank of the Ozarks in a research note issued to investors on Tuesday. SunTrust Banks analyst J. Demba now expects that the brokerage will post earnings per share of $0.73 for the quarter, down from their prior estimate of $0.76. SunTrust Banks also issued estimates for Bank of the Ozarks’ Q3 2017 earnings at $0.74 EPS, FY2017 earnings at $2.92 EPS, Q1 2018 earnings at $0.76 EPS and FY2018 earnings at $3.30 EPS.
Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings data on Tuesday, October 11th. The financial services provider reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Bank of the Ozarks had a return on equity of 12.84% and a net margin of 49.74%. During the same period in the previous year, the business posted $0.54 earnings per share.
OZRK has been the topic of several other research reports. Zacks Investment Research cut shares of Bank of the Ozarks from a “hold” rating to a “sell” rating in a research note on Monday, September 19th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $46.00 price target (down previously from $48.00) on shares of Bank of the Ozarks in a research report on Friday, June 24th. Wells Fargo & Co. set a $42.00 price target on shares of Bank of the Ozarks and gave the company a “hold” rating in a research report on Wednesday. Raymond James Financial Inc. raised shares of Bank of the Ozarks from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research report on Thursday, August 25th. Finally, Rafferty Capital Markets assumed coverage on shares of Bank of the Ozarks in a research report on Friday, September 16th. They set a “buy” rating and a $46.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.33.
Shares of Bank of the Ozarks (NASDAQ:OZRK) traded down 0.53% during trading on Friday, hitting $37.37. The stock had a trading volume of 885,970 shares. The company has a market capitalization of $4.53 billion, a P/E ratio of 16.47 and a beta of 1.32. Bank of the Ozarks has a 1-year low of $33.51 and a 1-year high of $54.96. The firm has a 50-day moving average of $38.82 and a 200 day moving average of $38.81.
Large investors have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. acquired a new stake in Bank of the Ozarks during the first quarter worth $126,000. IFP Advisors Inc raised its stake in Bank of the Ozarks by 620.3% in the second quarter. IFP Advisors Inc now owns 3,119 shares of the financial services provider’s stock worth $117,000 after buying an additional 2,686 shares in the last quarter. Bessemer Group Inc. raised its stake in Bank of the Ozarks by 132.0% in the second quarter. Bessemer Group Inc. now owns 3,579 shares of the financial services provider’s stock worth $135,000 after buying an additional 2,036 shares in the last quarter. Toronto Dominion Bank acquired a new stake in Bank of the Ozarks during the second quarter worth $135,000. Finally, Bank of Montreal Can acquired a new stake in Bank of the Ozarks during the second quarter worth $138,000. Institutional investors own 71.41% of the company’s stock.
In other Bank of the Ozarks news, Director Walter J. Mullen III bought 1,130 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were bought at an average price of $35.28 per share, for a total transaction of $39,866.40. Following the acquisition, the director now directly owns 2,650 shares of the company’s stock, valued at approximately $93,492. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Walter J. Mullen III bought 1,120 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was acquired at an average price of $37.14 per share, for a total transaction of $41,596.80. Following the acquisition, the director now directly owns 3,775 shares in the company, valued at $140,203.50. The disclosure for this purchase can be found here. Insiders own 8.70% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 14th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.76%. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.16. Bank of the Ozarks’s dividend payout ratio is currently 27.50%.
Bank of the Ozarks Company Profile
Bank of the Ozarks, Inc is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). The Company, through the Bank, conducts operations through approximately 257 offices, including over 80 offices in Arkansas, approximately 30 in Georgia, over 20 in North Carolina, over 20 in Texas, approximately 44 in Florida, over three in Alabama, approximately two each in South Carolina and New York, and one in California.
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