Keefe Bruyette & Woods Reiterates Bank Of The Ozarks Inc to Outperform with Price Target $46.00

Brokerage firm Keefe Bruyette & Woods Reiterates its rating on Bank Of The Ozarks Inc(NASDAQ:OZRK). In a research note issued to the investors, the brokerage major Lowers the price-target to $46.00 per share. The shares have been rated Outperform. The rating by Keefe Bruyette & Woods was issued on Jun 24, 2016.

In a different note, On May 16, 2016, Keefe Bruyette & Woods said it Upgrades its rating on Bank Of The Ozarks Inc. The shares have been rated ‘Outperform’ by the firm. On May 13, 2016, Keefe Bruyette & Woods said it Upgrades its rating on Bank Of The Ozarks Inc. The shares have been rated ‘Outperform’ by the firm. On May 6, 2016, Piper Jaffray said it Upgrades its rating on Bank Of The Ozarks Inc. The shares have been rated ‘Overweight’ by the firm.

Bank Of The Ozarks Inc (OZRK) made into the market gainers list on Wednesdays trading session with the shares advancing 1.86% or 0.67 points. Due to strong positive momentum, the stock ended at $36.62, which is also near the day’s high of $36.91. The stock began the session at $36.55 and the volume stood at 18,21,228 shares. The 52-week high of the shares is $54.96 and the 52 week low is $33.6601. The company has a current market capitalization of $3,322 M and it has 9,07,27,237 shares in outstanding.

Bank Of The Ozarks Inc(OZRK) last announced its earnings results on Jan 14, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $137.06M. Analysts had an estimated revenue of $128.72M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.56.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Walter J Iii Mullen (director) purchased 600 shares at $38.61 per share price.Also, On Jun 1, 2016, Richard L Cisne (director) purchased 4,100 shares at $39.18 per share price.On May 24, 2016, Paula H Cholmondeley (director) purchased 1,348 shares at $37.34 per share price, according to the Form-4 filing with the securities and exchange commission.

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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