Analyst Price Target Update on Bank of the Ozarks (NASDAQ:OZRK)

Bank of the Ozarks (NASDAQ:OZRK): 5 analysts have set the short term price target of Bank of the Ozarks (NASDAQ:OZRK) at $48. The standard deviation of short term price target has been estimated at $3.46, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 54 and $46 respectively.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Keefe Bruyette & Woods upgrades its ratings on Bank of the Ozarks (NASDAQ:OZRK). In the latest research report, Keefe Bruyette & Woods announces the target price to $48 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on May 16, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Mullen Walter J Iii, director of Bank Of The Ozarks Inc, had purchased 600 shares on June 9, 2016. The total value of the transaction was $23,166. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Bank of the Ozarks (NASDAQ:OZRK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.5 points or 1.32% at $37.49 with 1,110,188 shares getting traded. Post opening the session at $37.74, the shares hit an intraday low of $37.42 and an intraday high of $38.16 and the price was in this range throughout the day. The company has a market cap of $3,401 million and the number of outstanding shares have been calculated to be 90,727,237 shares. The 52-week high of Bank of the Ozarks (NASDAQ:OZRK) is $54.96 and the 52-week low is $33.6601.

Bank of the Ozarks, Inc. is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks. The Company provides a range of retail and commercial banking services. The Company provides mortgage lending, trust and wealth management services, treasury management services and online and mobile banking services. Deposit services include checking, savings, money market, time deposit and individual retirement accounts. Loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services. It also provides mortgage lending, treasury management services, remote deposit capture services, trust and wealth management services, real estate appraisals, ATMs, telephone banking, online and mobile banking services.

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