Price Target Update on Bank of the Ozarks (NASDAQ:OZRK)

Bank of the Ozarks (NASDAQ:OZRK) : The highest level Bank of the Ozarks (NASDAQ:OZRK) is projected to reach is $52 for the short term and the lowest estimate is at $46. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $47.6 and the possibility the share price can swing is $2.61.

Other Equity analysts have also commented 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.

Bank of the Ozarks (NASDAQ:OZRK): stock turned positive on Thursday. Though the stock opened at $38.26, the bulls momentum made the stock top out at $39.93 level for the day. The stock recorded a low of $38.19 and closed the trading day at $39.18, in the green by 4.15%. The total traded volume for the day was 2,246,654. The stock had closed at $37.62 in the previous days trading.

The company shares have dropped -21.45% 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 $37.81 and the 200 Day Moving Average price is recorded at $42.16. 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.

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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