The stock of Bank Of The Ozarks Inc (NASDAQ:OZRK) is a huge mover today! About 2.21M shares traded hands or 41.67% up from the average. Bank Of The Ozarks Inc (NASDAQ:OZRK) has declined 2.87% since April 8, 2016 and is downtrending. It has underperformed by 8.52% the S&P500.
The move comes after 8 months positive chart setup for the $5.49 billion company. It was reported on Nov, 10 by Barchart.com. We have $71.33 PT which if reached, will make NASDAQ:OZRK worth $3.73 billion more.
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. The stock of Bank Of The Ozarks Inc (NASDAQ:OZRK) earned “Outperform” rating by Wood on Monday, May 16. The firm has “Overweight” rating given on Friday, May 6 by Piper Jaffray. On Friday, June 24 the stock rating was maintained by Wood with “Outperform”. The firm has “Outperform” rating given on Monday, May 16 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained Bank Of The Ozarks Inc (NASDAQ:OZRK) rating on Friday, June 24. Keefe Bruyette & Woods has “Outperform” rating and $46 price target. The company was upgraded on Tuesday, August 25 by Raymond James. The stock of Bank Of The Ozarks Inc (NASDAQ:OZRK) earned “Hold” rating by Sandler O’Neill on Wednesday, August 26. As per Thursday, December 24, the company rating was upgraded by Merion Capital Group.
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 2016 Q2. 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.
Bnp Paribas Prns has 201,745 shares for 0.06% of their US portfolio. California State Teachers Retirement System has invested 0.01% of its portfolio in Bank Of The Ozarks Inc (NASDAQ:OZRK). Stevens Capital Mngmt Limited Partnership accumulated 32,799 shares or 0.05% of the stock. Moreover, Janus Mngmt Limited Liability Co has 0.02% invested in Bank Of The Ozarks Inc (NASDAQ:OZRK) for 591,893 shares. Natl Bank Of America Corp De has invested 0% of its portfolio in Bank Of The Ozarks Inc (NASDAQ:OZRK). Puzo Michael J reported 89,527 shares or 2.22% of all its holdings. Amarillo Retail Bank accumulated 0.11% or 6,257 shares. Lord Abbett & Ltd Liability Corp holds 0.04% of its portfolio in Bank Of The Ozarks Inc (NASDAQ:OZRK) for 311,751 shares. Kayne Anderson Rudnick Invest Management Limited holds 0.2% of its portfolio in Bank Of The Ozarks Inc (NASDAQ:OZRK) for 348,950 shares. Emerald Advisers Pa has 1.28% invested in the company for 710,383 shares. Cypress Cap Mgmt Lc (Wy) owns 1,995 shares or 0% of their US portfolio. First Republic Investment Management has 0% invested in the company for 8,947 shares. Loring Wolcott Coolidge Fiduciary Advsr Llp Ma reported 1,822 shares or 0% of all its holdings. The Connecticut-based Paloma Management Commerce has invested 0% in Bank Of The Ozarks Inc (NASDAQ:OZRK). Advantus Cap Mngmt, a Minnesota-based fund reported 9,889 shares.
Insider Transactions: Since May 20, 2016, the stock had 10 insider buys, and 2 insider sales for $541,023 net activity. Mullen Walter J III also bought $39,872 worth of Bank Of The Ozarks Inc (NASDAQ:OZRK) on Tuesday, August 2. Reynolds John B bought $112,641 worth of stock. CHOLMONDELEY PAULA H also bought $50,334 worth of Bank Of The Ozarks Inc (NASDAQ:OZRK) shares. $224,994 worth of Bank Of The Ozarks Inc (NASDAQ:OZRK) was bought by Thomas Dan on Friday, May 20. 4,100 shares were bought by CISNE RICHARD L, worth $160,476 on Tuesday, May 31. On Wednesday, July 20 Junker Jennifer R bought $419 worth of the stock or 11 shares. 1,125 shares were sold by Carter John Crawford, worth $41,681 on Friday, November 4.
More recent Bank Of The Ozarks Inc (NASDAQ:OZRK) news were published by: Bizjournals.com which released: “Bank of the Ozarks shuffles its Charlotte leaders” on November 09, 2016. Also Nasdaq.com published the news titled: “Bank of the Ozarks (OZRK) Shares Cross Above 200 DMA” on November 09, 2016. Streetinsider.com‘s news article titled: “Form 4 BANK OF THE OZARKS INC For: Nov 08 Filed by: GLEASON GEORGE G II” with publication date: November 09, 2016 was also an interesting one.
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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