Bank of the Ozarks (NASDAQ:OZRK) has tumbled 3.34% during the past week and has dropped 2.47% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.18%. Bank of the Ozarks (NASDAQ:OZRK) has underperformed the index by 3.36% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Bank of the Ozarks (NASDAQ:OZRK): The stock opened at $37.15 on Friday but the bulls could not build on the opening and the stock topped out at $37.52 for the day. The stock traded down to $36.44 during the day, due to lack of any buying support eventually closed down at $36.72 with a loss of -0.94% for the day. The stock had closed at $37.07 on the previous day. The total traded volume was 2,838,332 shares.
The company shares have dropped -23.93% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $54.96 and the one year low was seen on May 4, 2016. The 50-Day Moving Average price is $38.08 and the 200 Day Moving Average price is recorded at $42.60.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Bank Of The Ozarks Inc, Mullen Walter J Iii, had purchased 600 shares in a transaction dated on June 9, 2016. The transaction was executed at $38.61 per share with total amount equaling $23,166.
Many analysts have stated their opinion on the company shares. Keefe Bruyette & Woods upgrades their rating on the shares of Bank of the Ozarks (NASDAQ:OZRK). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. Equity Analysts at the Firm announces the price target to $48 per share. The rating by the firm was issued on May 16, 2016. Currently the company Insiders own 8.7% of Bank of the Ozarks shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 17.34% . Institutional Investors own 87% of Bank of the Ozarks shares. During last six month period, the net percent change held by insiders has seen a change of 17.34%.
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.