Bank Of The Ozarks (OZRK) Issues Quarterly Earnings Results

Bank Of The Ozarks (NASDAQ:OZRK) released its quarterly earnings results on Tuesday. The financial services provider reported $0.75 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75, Morningstar.com reports. Bank Of The Ozarks had a net margin of 35.53% and a return on equity of 11.85%. The business had revenue of $245.04 million for the quarter, compared to the consensus estimate of $249.84 million. During the same period last year, the firm earned $0.72 earnings per share.

Shares of Bank Of The Ozarks (NASDAQ OZRK) traded down $0.24 during mid-day trading on Wednesday, hitting $52.23. 3,396,000 shares of the stock traded hands, compared to its average volume of 1,556,810. The company has a market cap of $6,510.00, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 1.16 and a beta of 1.50. Bank Of The Ozarks has a 12-month low of $40.15 and a 12-month high of $56.86. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.12.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 19th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.46%. This is an increase from Bank Of The Ozarks’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, January 18th. Bank Of The Ozarks’s dividend payout ratio (DPR) is presently 27.31%.

Several research firms have weighed in on OZRK. Brean Capital reiterated a “buy” rating and issued a $65.00 price target on shares of Bank Of The Ozarks in a research report on Tuesday. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Bank Of The Ozarks in a research report on Wednesday. Stephens reiterated a “hold” rating on shares of Bank Of The Ozarks in a research report on Wednesday. Zacks Investment Research upgraded shares of Bank Of The Ozarks from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Friday, January 5th. Finally, Barclays began coverage on shares of Bank Of The Ozarks in a research report on Wednesday, January 3rd. They issued an “overweight” rating and a $60.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $55.56.

Several hedge funds have recently made changes to their positions in the company. BRYN MAWR TRUST Co raised its position in shares of Bank Of The Ozarks by 1.0% during the 2nd quarter. BRYN MAWR TRUST Co now owns 7,764 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 75 shares during the period. Suntrust Banks Inc. raised its position in shares of Bank Of The Ozarks by 7.4% during the 2nd quarter. Suntrust Banks Inc. now owns 5,587 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 383 shares during the period. MML Investors Services LLC raised its position in shares of Bank Of The Ozarks by 7.7% during the 2nd quarter. MML Investors Services LLC now owns 5,573 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 400 shares during the period. Advisor Group Inc. raised its position in shares of Bank Of The Ozarks by 8.4% during the 2nd quarter. Advisor Group Inc. now owns 8,586 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 665 shares during the period. Finally, Global Endowment Management LP raised its position in shares of Bank Of The Ozarks by 15.5% during the 2nd quarter. Global Endowment Management LP now owns 8,180 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 86.21% of the company’s stock.

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Bank Of The Ozarks Company Profile

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.

Earnings History for Bank Of The Ozarks (NASDAQ:OZRK)

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