Bank Of The Ozarks Receives a Buy from Stephens

By Carrie Williams

In a report released today, Matt Olney from Stephens reiterated a Buy rating on Bank Of The Ozarks (NASDAQ: OZRK), with a price target of $64. The company’s shares opened today at $46.51.

According to TipRanks.com, Olney is a 3-star analyst with an average return of 6.7% and a 40.6% success rate. Olney covers the Financial sector, focusing on stocks such as First Financial Bankshares, Allegiance Bancshares Inc, and Texas Capital Bancshares.

Bank Of The Ozarks has an analyst consensus of Strong Buy, with a price target consensus of $59.67.

Based on Bank Of The Ozarks’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $241 million and quarterly net profit of $89.19 million. In comparison, last year the company earned revenue of $141 million and had a net profit of $51.69 million.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Bank of the Ozarks, Inc. is a bank holding company. Through its banking subsidiary, Bank of the Ozarks, it conducts banking operations through offices located in Arkansas, Texas, Georgia, Florida, North Carolina, South Carolina and Alabama. The company also owns Ozark Capital Statutory Trust II, Ozark Capital Statutory Trust III, Ozark Capital Statutory Trust IV and Ozark Capital Statutory Trust V. It provides retail and commercial banking services. The firm’s 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. The company also provides mortgage lending; treasury management services for businesses, individuals and non-profit entities including wholesale lock box services; remote deposit capture services; trust and wealth management services for businesses, individuals and non-profit entities including financial planning, money management, custodial services and corporate trust services; real estate appraisals; credit-related life and disability insurance; ATMs; telephone banking; on-line and mobile banking services including electronic bill pay; debit cards, gift cards and safe deposit boxes, among other products and services. The company was founded in 1903 and is headquartered in Little Rock, AR.,001PBD-E