Bank of the Ozarks Inc. (NASDAQ:OZRK) will release its Q316 earnings data on Tuesday, October 11th.
Bank of the Ozarks Inc. (NASDAQ:OZRK) opened at 40.59 on Monday. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 17.89 and a beta of 1.32. The company has a 50-day moving average price of $38.70 and a 200 day moving average price of $38.87. Bank of the Ozarks Inc. has a 52-week low of $33.51 and a 52-week high of $54.96.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 14th will be paid a dividend of $0.165 per share. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Wednesday, October 12th. Bank of the Ozarks’s dividend payout ratio is presently 28.32%.
OZRK has been the topic of several recent analyst reports. Zacks Investment Research lowered 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 reissued an “outperform” rating and set a $46.00 target price (down from $48.00) on shares of Bank of the Ozarks in a research note on Friday, June 24th. Wells Fargo & Co. initiated coverage on shares of Bank of the Ozarks in a research note on Thursday, June 23rd. They set a “market perform” rating on the stock. 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 target price on the stock in a research note on Thursday, August 25th. Finally, Rafferty Capital Markets initiated coverage on shares of Bank of the Ozarks in a research note on Friday, September 16th. They set a “buy” rating and a $46.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $47.20.
In other Bank of the Ozarks news, Director Walter J. Mullen III acquired 1,120 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was bought at an average price of $37.14 per share, for a total transaction of $41,596.80. Following the acquisition, the director now owns 3,775 shares in the company, valued at $140,203.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Walter J. Mullen III acquired 1,130 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was acquired at an average price of $35.28 per share, with a total value of $39,866.40. Following the acquisition, the director now owns 2,650 shares in the company, valued at approximately $93,492. The disclosure for this purchase can be found here. Corporate insiders own 8.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased 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 during the last quarter. Toronto Dominion Bank acquired a new stake in Bank of the Ozarks during the second quarter worth approximately $135,000. Advisor Group Inc. acquired a new stake in Bank of the Ozarks during the second quarter worth approximately $242,000. Pacer Advisors Inc. acquired a new stake in Bank of the Ozarks during the second quarter worth approximately $266,000. Finally, Paradigm Asset Management Co. LLC acquired a new stake in Bank of the Ozarks during the second quarter worth approximately $371,000. Institutional investors own 71.41% of the company’s stock.
About Bank of the Ozarks
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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