Bank of the Ozarks (NASDAQ:OZRK) Downgraded by BidaskClub

Bank of the Ozarks (NASDAQ:OZRK) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Thursday, July 27th.

Several other equities research analysts also recently weighed in on OZRK. Keefe, Bruyette & Woods set a $56.00 price target on Bank of the Ozarks and gave the stock a “buy” rating in a report on Monday, April 3rd. Zacks Investment Research downgraded Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Thursday, April 13th. Brean Capital set a $63.00 price objective on Bank of the Ozarks and gave the company a “buy” rating in a report on Wednesday, April 12th. Finally, Stephens reiterated a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, May 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.11.

Shares of Bank of the Ozarks (NASDAQ OZRK) opened at 42.44 on Thursday. The company has a 50-day moving average of $45.66 and a 200 day moving average of $49.14. Bank of the Ozarks has a 12-month low of $35.53 and a 12-month high of $56.86. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 14.92 and a beta of 1.52.

Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The company had revenue of $237.30 million for the quarter, compared to the consensus estimate of $232.85 million. During the same quarter in the prior year, the business earned $0.60 EPS. Bank of the Ozarks’s revenue was up 64.8% on a year-over-year basis. Analysts predict that Bank of the Ozarks will post $2.97 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Bank of the Ozarks by 24,121.9% in the first quarter. BlackRock Inc. now owns 9,977,483 shares of the financial services provider’s stock valued at $518,930,000 after buying an additional 9,936,291 shares during the last quarter. Principal Financial Group Inc. increased its position in Bank of the Ozarks by 144.6% in the second quarter. Principal Financial Group Inc. now owns 3,138,880 shares of the financial services provider’s stock valued at $147,117,000 after buying an additional 1,855,697 shares during the last quarter. Epoch Investment Partners Inc. increased its position in Bank of the Ozarks by 102.3% in the second quarter. Epoch Investment Partners Inc. now owns 1,958,988 shares of the financial services provider’s stock valued at $91,818,000 after buying an additional 990,815 shares during the last quarter. Vanguard Group Inc. increased its position in Bank of the Ozarks by 8.6% in the second quarter. Vanguard Group Inc. now owns 10,724,158 shares of the financial services provider’s stock valued at $502,641,000 after buying an additional 852,398 shares during the last quarter. Finally, FMR LLC increased its position in Bank of the Ozarks by 18.0% in the first quarter. FMR LLC now owns 4,813,003 shares of the financial services provider’s stock valued at $250,325,000 after buying an additional 733,913 shares during the last quarter. 86.49% of the stock is owned by institutional investors.

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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