Today, Wells Fargo & Co. Analysts Give Bank of the Ozarks Inc. (OZRK) a $42.00 Price Target

Today, Wells Fargo & Co. Analysts Give Bank of the Ozarks Inc. (OZRK) a $42.00 Price Target

Wells Fargo & Co. set a $42.00 price objective on Bank of the Ozarks Inc. (NASDAQ:OZRK) in a research note published on Wednesday. The firm currently has a a hold rating on the financial services provider’s stock.

A number of other research firms have also commented on OZRK. Zacks Investment Research raised shares of Bank of the Ozarks from a sell rating to a hold rating in a report on Wednesday, July 13th. Keefe, Bruyette & Woods reissued a buy rating and issued a $46.00 price target on shares of Bank of the Ozarks in a report on Tuesday, July 12th. Rafferty Capital Markets initiated coverage on shares of Bank of the Ozarks in a report on Friday, September 16th. They issued a buy rating and a $46.00 price target for the company. Finally, 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 price target for the company in a report on Thursday, August 25th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $46.33.

Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 37.28 on Wednesday. Bank of the Ozarks has a one year low of $33.51 and a one year high of $54.96. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 16.43 and a beta of 1.32. The company’s 50 day moving average price is $38.80 and its 200 day moving average price is $38.77.

Bank of the Ozarks (NASDAQ:OZRK) last released its earnings results on Tuesday, October 11th. The financial services provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. Bank of the Ozarks had a net margin of 49.74% and a return on equity of 12.84%. During the same quarter last year, the firm posted $0.54 earnings per share. On average, analysts expect that Bank of the Ozarks will post $2.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 14th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, October 12th. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 1.77%. Bank of the Ozarks’s dividend payout ratio is presently 27.50%.

In other Bank of the Ozarks news, Director Walter J. Mullen III purchased 1,120 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were purchased at an average cost of $37.14 per share, with a total value of $41,596.80. Following the transaction, the director now directly owns 3,775 shares of the company’s stock, valued at approximately $140,203.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Walter J. Mullen III purchased 1,130 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were acquired at an average cost of $35.28 per share, for a total transaction of $39,866.40. Following the completion of the transaction, the director now directly owns 2,650 shares in the company, valued at $93,492. The disclosure for this purchase can be found here. 8.70% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of Bank of the Ozarks by 620.3% in the second quarter. IFP Advisors Inc now owns 3,119 shares of the financial services provider’s stock valued at $117,000 after buying an additional 2,686 shares during the period. NN Investment Partners Holdings N.V. boosted its stake in shares of Bank of the Ozarks by 10.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,300 shares of the financial services provider’s stock valued at $124,000 after buying an additional 300 shares during the period. Bessemer Group Inc. boosted its stake in shares of 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 valued at $135,000 after buying an additional 2,036 shares during the period. Toronto Dominion Bank acquired a new stake in shares of Bank of the Ozarks during the second quarter valued at approximately $135,000. Finally, Bank of Montreal Can acquired a new stake in shares of Bank of the Ozarks during the second quarter valued at approximately $138,000. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

Bank of the Ozarks Company Profile

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