Brean Capital Reiterates “Buy” Rating for Bank Of The Ozarks (OZRK)

Brean Capital reiterated their buy rating on shares of Bank Of The Ozarks (NASDAQ:OZRK) in a research report released on Thursday.

Several other equities analysts also recently commented on OZRK. BidaskClub downgraded shares of Bank Of The Ozarks from a buy rating to a hold rating in a research note on Friday, March 23rd. Zacks Investment Research raised shares of Bank Of The Ozarks from a sell rating to a hold rating in a research note on Tuesday, March 27th. Keefe, Bruyette & Woods reissued a market perform rating and issued a $56.00 price objective on shares of Bank Of The Ozarks in a research note on Wednesday, January 17th. Piper Jaffray reissued a buy rating and issued a $59.00 price objective on shares of Bank Of The Ozarks in a research note on Friday, January 19th. Finally, Barclays began coverage on shares of Bank Of The Ozarks in a research note on Wednesday, January 3rd. They issued an overweight rating and a $60.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $55.00.

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NASDAQ:OZRK traded down $2.19 on Thursday, hitting $46.39. The company had a trading volume of 779,865 shares, compared to its average volume of 1,181,764. The company has a market cap of $6,178.28, a price-to-earnings ratio of 15.78, a PEG ratio of 1.09 and a beta of 1.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.99. Bank Of The Ozarks has a 52 week low of $40.15 and a 52 week high of $53.70.

Bank Of The Ozarks (NASDAQ:OZRK) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.75 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. The business had revenue of $245.04 million during the quarter, compared to the consensus estimate of $249.84 million. Bank Of The Ozarks had a net margin of 35.53% and a return on equity of 11.50%. During the same quarter in the prior year, the firm earned $0.72 EPS. analysts expect that Bank Of The Ozarks will post 3.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, April 13th will be paid a dividend of $0.195 per share. The ex-dividend date is Thursday, April 12th. This represents a $0.78 annualized dividend and a dividend yield of 1.68%. This is an increase from Bank Of The Ozarks’s previous quarterly dividend of $0.19. Bank Of The Ozarks’s dividend payout ratio (DPR) is presently 25.68%.

Several hedge funds have recently added to or reduced their stakes in OZRK. Scotia Capital Inc. increased its position in shares of Bank Of The Ozarks by 12.4% during the fourth quarter. Scotia Capital Inc. now owns 10,419 shares of the financial services provider’s stock worth $505,000 after buying an additional 1,150 shares during the period. Amalgamated Bank increased its position in shares of Bank Of The Ozarks by 5.8% during the fourth quarter. Amalgamated Bank now owns 24,796 shares of the financial services provider’s stock worth $1,201,000 after buying an additional 1,357 shares during the period. First Heartland Consultants Inc. increased its position in shares of Bank Of The Ozarks by 19.3% during the third quarter. First Heartland Consultants Inc. now owns 8,724 shares of the financial services provider’s stock worth $419,000 after buying an additional 1,413 shares during the period. Randolph Co Inc increased its position in shares of Bank Of The Ozarks by 0.9% during the fourth quarter. Randolph Co Inc now owns 175,625 shares of the financial services provider’s stock worth $8,509,000 after buying an additional 1,650 shares during the period. Finally, MML Investors Services LLC increased its position in shares of Bank Of The Ozarks by 23.8% during the fourth quarter. MML Investors Services LLC now owns 8,643 shares of the financial services provider’s stock worth $419,000 after buying an additional 1,660 shares during the period. 88.68% 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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