Bank of the Ozarks (OZRK) Receives “Buy” Rating from Brean Capital

Brean Capital reaffirmed their buy rating on shares of Bank of the Ozarks (NASDAQ:OZRK) in a research note published on Wednesday.

OZRK has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Bank of the Ozarks from a sell rating to a hold rating in a research report on Monday, August 28th. Piper Jaffray Companies restated an overweight rating and set a $55.00 price objective on shares of Bank of the Ozarks in a research report on Thursday, October 5th. SunTrust Banks restated a hold rating and set a $50.00 price objective on shares of Bank of the Ozarks in a research report on Thursday, October 12th. ValuEngine downgraded shares of Bank of the Ozarks from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Raymond James Financial cut their price objective on shares of Bank of the Ozarks from $59.00 to $57.00 and set an outperform rating for the company in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $54.14.

Shares of Bank of the Ozarks (OZRK) traded down $0.35 during trading on Wednesday, reaching $46.16. 599,300 shares of the company’s stock were exchanged, compared to its average volume of 1,209,589. The stock has a market cap of $6,008.31, a P/E ratio of 15.87, a P/E/G ratio of 1.31 and a beta of 1.49. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.93. Bank of the Ozarks has a 52 week low of $40.15 and a 52 week high of $56.86.

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings data 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 company had revenue of $242.47 million during 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 quarter in the prior year, the firm earned $0.66 EPS. equities analysts anticipate that Bank of the Ozarks will post 2.95 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Bank of the Ozarks during the 3rd quarter worth $2,575,000. Sterling Capital Management LLC grew its stake in shares of Bank of the Ozarks by 48.1% during the 3rd quarter. Sterling Capital Management LLC now owns 53,665 shares of the financial services provider’s stock worth $2,579,000 after purchasing an additional 17,420 shares during the period. First Heartland Consultants Inc. grew its stake in shares of Bank of the Ozarks by 19.3% during the 3rd quarter. First Heartland Consultants Inc. now owns 8,724 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 1,413 shares during the period. Colony Group LLC grew its stake in Bank of the Ozarks by 12.3% in the 3rd quarter. Colony Group LLC now owns 46,502 shares of the financial services provider’s stock valued at $2,234,000 after acquiring an additional 5,103 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in Bank of the Ozarks by 7.4% in the 3rd quarter. California Public Employees Retirement System now owns 240,038 shares of the financial services provider’s stock valued at $11,534,000 after acquiring an additional 16,638 shares during the last quarter. 86.22% of the stock is currently owned by institutional investors and hedge funds.

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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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