BidaskClub upgraded shares of Bank Of The Ozarks (NASDAQ:OZRK) from a hold rating to a buy rating in a report issued on Wednesday morning.
OZRK has been the subject of a number of other reports. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $57.00 price target on shares of Bank Of The Ozarks in a research note on Tuesday, February 27th. Zacks Investment Research raised shares of Bank Of The Ozarks from a sell rating to a hold rating in a research note on Friday, December 15th. Morgan Stanley reissued an overweight rating and set a $54.00 target price on shares of Bank Of The Ozarks in a research note on Thursday, December 14th. Barclays started coverage on shares of Bank Of The Ozarks in a research note on Wednesday, January 3rd. They set an overweight rating and a $60.00 target price for the company. Finally, Brean Capital reissued a buy rating and set a $65.00 target price on shares of Bank Of The Ozarks in a research note on Tuesday, January 2nd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $56.11.
Shares of Bank Of The Ozarks (NASDAQ:OZRK) traded up $0.55 during trading hours on Wednesday, hitting $53.04. 597,392 shares of the stock were exchanged, compared to its average volume of 751,107. The firm has a market cap of $6,798.67, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.19 and a beta of 1.38. Bank Of The Ozarks has a 12 month low of $40.15 and a 12 month high of $55.58. The company has a current ratio of 0.92, a quick ratio of 0.99 and a debt-to-equity ratio of 0.11.
A number of hedge funds have recently added to or reduced their stakes in the stock. Elkfork Partners LLC acquired a new stake in Bank Of The Ozarks during the fourth quarter valued at approximately $787,000. Grandeur Peak Global Advisors LLC lifted its stake in Bank Of The Ozarks by 42.6% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 231,825 shares of the financial services provider’s stock valued at $11,232,000 after purchasing an additional 69,300 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new stake in Bank Of The Ozarks during the fourth quarter valued at approximately $524,000. Handelsbanken Fonder AB raised its holdings in shares of Bank Of The Ozarks by 28.0% during the fourth quarter. Handelsbanken Fonder AB now owns 1,030,000 shares of the financial services provider’s stock valued at $49,904,000 after acquiring an additional 225,000 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Bank Of The Ozarks by 11.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 59,439 shares of the financial services provider’s stock valued at $2,880,000 after acquiring an additional 6,336 shares during the period. 88.17% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Bank Of The Ozarks (OZRK) Upgraded to Buy by BidaskClub” was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3255851/bank-of-the-ozarks-ozrk-upgraded-to-buy-by-bidaskclub-2.html.
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.
Receive News & Ratings for Bank Of The Ozarks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Of The Ozarks and related companies with MarketBeat.com's FREE daily email newsletter.