Bank Of The Ozarks (NASDAQ:OZRK) had its target price lowered by Barclays from $60.00 to $57.00 in a research report issued on Wednesday. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays’ target price suggests a potential upside of 19.35% from the company’s current price.
Several other equities research analysts have also commented on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $54.00 price objective on shares of Bank Of The Ozarks in a research note on Thursday, December 14th. UBS started coverage on shares of Bank Of The Ozarks in a research note on Thursday, March 22nd. They issued a “sell” rating and a $45.00 price objective for the company. Zacks Investment Research upgraded shares of Bank Of The Ozarks from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, December 26th. Stephens reissued a “hold” rating on shares of Bank Of The Ozarks in a research report on Wednesday, January 17th. Finally, BidaskClub downgraded shares of Bank Of The Ozarks from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $54.70.
NASDAQ:OZRK opened at $47.76 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5,925.76, a price-to-earnings ratio of 16.14, a PEG ratio of 1.04 and a beta of 1.33. Bank Of The Ozarks has a 52 week low of $40.15 and a 52 week high of $53.70.
Institutional investors have recently added to or reduced their stakes in the company. Ferris Capital LLC bought a new position in shares of Bank Of The Ozarks during the 4th quarter valued at approximately $372,000. Cubist Systematic Strategies LLC boosted its holdings in Bank Of The Ozarks by 41.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 24,971 shares of the financial services provider’s stock worth $1,200,000 after buying an additional 7,256 shares during the period. Lazard Asset Management LLC boosted its holdings in Bank Of The Ozarks by 71.0% in the 4th quarter. Lazard Asset Management LLC now owns 322,283 shares of the financial services provider’s stock worth $15,614,000 after buying an additional 133,848 shares during the period. Legal & General Group Plc boosted its holdings in Bank Of The Ozarks by 11.9% in the 3rd quarter. Legal & General Group Plc now owns 104,785 shares of the financial services provider’s stock worth $5,035,000 after buying an additional 11,166 shares during the period. Finally, BancorpSouth Bank bought a new position in Bank Of The Ozarks in the 4th quarter worth approximately $4,540,000. 88.68% of the stock is owned by hedge funds and other institutional investors.
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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.
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