Bank Of The Ozarks (NASDAQ:OZRK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Shares of Bank of the Ozarks have outperformed the industry over the last six months. Moreover, the company has a decent earnings surprise history. Its earnings did not lag the Zacks Consensus Estimate in any of the trailing four quarters. Its fourth-quarter 2017 results benefited from higher net interest income and lower provisions. Consistent growth in loans and deposits along with benefits from lower tax rates are expected to aid the company’s profitability. Also, its efficient capital deployment activities represent a solid balance sheet position. However, persistently rising expenses due to the company’s expansion strategy through de novo branching remains a concern. Also, margin pressure despite higher interest rates makes us apprehensive.”
A number of other equities research analysts have also recently issued reports on the stock. Brean Capital reiterated a “buy” rating on shares of Bank Of The Ozarks in a research report on Monday, February 5th. Piper Jaffray Companies reiterated a “buy” rating and set a $59.00 target price on shares of Bank Of The Ozarks in a research report on Friday, January 19th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $56.00 target price on shares of Bank Of The Ozarks in a research report on Wednesday, January 17th. Stephens reiterated a “hold” rating on shares of Bank Of The Ozarks in a research report on Wednesday, January 17th. Finally, Barclays began coverage on shares of Bank Of The Ozarks in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $60.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Bank Of The Ozarks currently has an average rating of “Hold” and an average price target of $56.00.
Bank Of The Ozarks (NASDAQ:OZRK) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The business had revenue of $245.04 million during the quarter, compared to analysts’ expectations of $249.84 million. Bank Of The Ozarks had a net margin of 35.53% and a return on equity of 11.50%. During the same quarter last year, the company posted $0.72 EPS. analysts expect that Bank Of The Ozarks will post 3.7 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of OZRK. Suntrust Banks Inc. grew its holdings in 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 worth $261,000 after acquiring an additional 383 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Bank Of The Ozarks by 25.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 998,592 shares of the financial services provider’s stock worth $46,806,000 after acquiring an additional 201,688 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Bank Of The Ozarks during the 2nd quarter worth about $830,000. California State Teachers Retirement System grew its holdings in Bank Of The Ozarks by 18.5% during the 2nd quarter. California State Teachers Retirement System now owns 207,312 shares of the financial services provider’s stock worth $9,716,000 after acquiring an additional 32,347 shares during the last quarter. Finally, Nomura Holdings Inc. grew its holdings in Bank Of The Ozarks by 31.4% during the 2nd quarter. Nomura Holdings Inc. now owns 6,826 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 1,632 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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