Price Action Don’t Lie: What’s Ahead for Bank Of The Ozarks Inc After Today’s Significant Increase?

Price Action Don't Lie: What's Ahead for Bank Of The Ozarks Inc After Today's Significant Increase?

The stock of Bank Of The Ozarks Inc (NASDAQ:OZRK) is a huge mover today! About 647,711 shares traded hands. Bank Of The Ozarks Inc (NASDAQ:OZRK) has declined 4.48% since March 1, 2016 and is downtrending. It has underperformed by 13.72% the S&P500.
The move comes after 9 months positive chart setup for the $4.71 billion company. It was reported on Oct, 4 by Barchart.com. We have $51.90 PT which if reached, will make NASDAQ:OZRK worth $1.51B more.

Analysts await Bank Of The Ozarks Inc (NASDAQ:OZRK) to report earnings on October, 11. They expect $0.60 earnings per share, up 15.38% or $0.08 from last year’s $0.52 per share. OZRK’s profit will be $71.87M for 16.38 P/E if the $0.60 EPS becomes a reality. After $0.60 actual earnings per share reported by Bank Of The Ozarks Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Bank Of The Ozarks Inc (NASDAQ:OZRK) Ratings Coverage

Out of 6 analysts covering Bank of the Ozarks (NASDAQ:OZRK), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Bank of the Ozarks has been the topic of 9 analyst reports since August 25, 2015 according to StockzIntelligence Inc. As per Wednesday, August 26, the company rating was upgraded by Sandler O’Neill. The firm earned “Outperform” rating on Friday, June 24 by Wood. On Friday, June 24 the stock rating was maintained by Keefe Bruyette & Woods with “Outperform”. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Monday, May 16. The rating was upgraded by Piper Jaffray on Friday, May 6 to “Overweight”. The stock of Bank Of The Ozarks Inc (NASDAQ:OZRK) earned “Outperform” rating by Merion Capital Group on Thursday, December 24. The firm has “Outperform” rating by Raymond James given on Tuesday, August 25. Wood upgraded Bank Of The Ozarks Inc (NASDAQ:OZRK) on Monday, May 16 to “Outperform” rating.

According to Zacks Investment Research, “Bank of the Ozarks, Inc. owns a subsidiary bank, Bank of the Ozarks and Ozark Capital Trust, a business trust.”

Insitutional Activity: The institutional sentiment decreased to 1.25 in Q2 2016. Its down 0.19, from 1.44 in 2016Q1. The ratio worsened, as 45 funds sold all Bank Of The Ozarks Inc shares owned while 75 reduced positions. 39 funds bought stakes while 111 increased positions. They now own 81.20 million shares or 5.19% more from 77.20 million shares in 2016Q1.
Amalgamated Retail Bank holds 0.02% of its portfolio in Bank Of The Ozarks Inc (NASDAQ:OZRK) for 10,655 shares. Jacobs Levy Equity Inc has 24,920 shares for 0.02% of their US portfolio. Pub Employees Retirement Association Of Colorado reported 295,640 shares or 0.09% of all its holdings. Jennison Ltd Llc owns 2.27 million shares or 0.09% of their US portfolio. Lord Abbett & Llc owns 311,751 shares or 0.04% of their US portfolio. Proshare Advisors Limited Liability Co holds 0.04% or 79,484 shares in its portfolio. Davis Prtnrs Ltd Limited Liability Company last reported 32,550 shares in the company. Fiera has 0.21% invested in the company for 986,018 shares. Century Cos holds 0.05% or 1.11M shares in its portfolio. State Of New Jersey Common Pension Fund D has 0.09% invested in the company for 500,000 shares. Art Lc has 0.1% invested in the company for 54,236 shares. Metropolitan Life Insurance Communication Ny holds 0.04% of its portfolio in Bank Of The Ozarks Inc (NASDAQ:OZRK) for 134,826 shares. Lathrop Inv holds 0.09% of its portfolio in Bank Of The Ozarks Inc (NASDAQ:OZRK) for 8,016 shares. Weaver C Barksdale & Associate Inc has 59 shares for 0% of their US portfolio. The California-based Aperio Gp Ltd Liability Corp has invested 0% in Bank Of The Ozarks Inc (NASDAQ:OZRK).

Insider Transactions: Since April 14, 2016, the stock had 14 insider buys, and 1 insider sale for $5.29 million net activity. Koefoed William A had bought 1,000 shares worth $41,783. On Thursday, June 9 the insider Mullen Walter J III bought $23,166. CHOLMONDELEY PAULA H also bought $50,334 worth of Bank Of The Ozarks Inc (NASDAQ:OZRK) shares. The insider CISNE RICHARD L bought $163,863. On Thursday, April 14 Freedberg Catherine B sold $265,647 worth of the stock or 6,033 shares. Thomas Dan bought $224,994 worth of Bank Of The Ozarks Inc (NASDAQ:OZRK) on Friday, May 20. Reynolds John B bought $32,730 worth of stock or 750 shares.

More important recent Bank Of The Ozarks Inc (NASDAQ:OZRK) news were published by: Businesswire.com which released: “Bank of the Ozarks, Inc. Announces Increased Regular Quarterly Dividend” on October 03, 2016, also Businesswire.com published article titled: “Bank of the Ozarks, Inc. Announces Record Second Quarter 2016 Earnings”, Wsj.com published: “Bank of the Ozarks Defends Financial Position” on May 05, 2016. More interesting news about Bank Of The Ozarks Inc (NASDAQ:OZRK) was released by: Businesswire.com and their article: “Bank of the Ozarks, Inc. Announces Pricing of $225 Million of Fixed-to …” with publication date: June 16, 2016.

OZRK Company Profile

Bank of the Ozarks, Inc., incorporated on June 15, 1981, is a bank holding company. The Firm owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). The Company, through the Bank, conducts activities through approximately 257 offices, including over 80 offices in Arkansas, approximately 30 in Georgia, over 20 in North Carolina, over 20 in Texas, approximately 44 in Florida, over three in Alabama, approximately two each in South Carolina and New York and one in California. It owns Ozark Capital Statutory Trust II, Ozark Capital Statutory Trust III, Ozark Capital Statutory Trust IV and Ozark Capital Statutory Trust V (collectively, the Ozark Trusts). It owns Intervest Statutory Trust II, Intervest Statutory Trust III, Intervest Statutory Trust IV and Intervest Statutory Trust V (collectively, the Intervest Trusts, and together with the Ozark Trusts, the Trusts).

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