Bank of the Ozarks (NASDAQ:OZRK)‘s stock had its “buy” rating restated by research analysts at Brean Capital in a research report issued on Wednesday.

OZRK has been the subject of a number of other research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Bank of the Ozarks in a research note on Wednesday, May 3rd. BidaskClub lowered Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Stephens set a $48.00 price objective on Bank of the Ozarks and gave the stock a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research lowered Bank of the Ozarks from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Finally, Morgan Stanley initiated coverage on Bank of the Ozarks in a research note on Wednesday. They issued an “overweight” rating and a $54.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Bank of the Ozarks currently has a consensus rating of “Buy” and a consensus price target of $52.11.

Shares of Bank of the Ozarks (NASDAQ:OZRK) traded down 0.034% during mid-day trading on Wednesday, hitting $43.695. The stock had a trading volume of 400,391 shares. Bank of the Ozarks has a 12 month low of $35.30 and a 12 month high of $56.86. The stock’s 50-day moving average is $46.97 and its 200 day moving average is $49.92. The company has a market cap of $5.60 billion, a PE ratio of 15.364 and a beta of 1.52.

Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.73. The firm had revenue of $237.30 million during the quarter, compared to analyst estimates of $232.85 million. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The business’s quarterly revenue was up 64.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. On average, equities research analysts forecast that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.

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In related news, Director Walter J. Mullen III sold 1,034 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $47.91, for a total transaction of $49,538.94. Following the completion of the transaction, the director now directly owns 3,400 shares of the company’s stock, valued at $162,894. The sale was disclosed in a filing with the SEC, which is available through this link. 6.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in OZRK. BlackRock Inc. raised its position in shares of 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 worth $518,930,000 after buying an additional 9,936,291 shares during the last quarter. Vanguard Group Inc. raised its stake in Bank of the Ozarks by 6.2% in the first quarter. Vanguard Group Inc. now owns 9,871,760 shares of the financial services provider’s stock valued at $513,430,000 after buying an additional 578,206 shares during the last quarter. State Street Corp raised its stake in Bank of the Ozarks by 4.0% in the fourth quarter. State Street Corp now owns 5,851,982 shares of the financial services provider’s stock valued at $307,756,000 after buying an additional 226,169 shares during the last quarter. BlackRock Fund Advisors raised its stake in Bank of the Ozarks by 14.8% in the third quarter. BlackRock Fund Advisors now owns 4,901,072 shares of the financial services provider’s stock valued at $188,201,000 after buying an additional 630,055 shares during the last quarter. Finally, FMR LLC raised its stake 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. 85.52% 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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