Bank Of The Ozarks Inc (OZRK) reported quarterly earnings results on Monday, Jul-11-2016. The company said it had a profit of $0.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.59. Analysts expectations of $154.69 million. During the same quarter in the previous year, the company posted $0.51 EPS.
Many Wall Street Analysts have commented on Bank Of The Ozarks Inc. Bank Of The Ozarks Inc was Upgraded by FIG Partners to ” Outperform” on May 9, 2016. Bank Of The Ozarks Inc was Upgraded by Piper Jaffray to ” Overweight” on May 6, 2016.
Bank Of The Ozarks Inc opened for trading at $36.13 and hit $37.05 on the upside on Friday, eventually ending the session at $36.78, with a gain of 3.69% or 1.31 points. The heightened volatility saw the trading volume jump to 21,30,204 shares. Company has a market cap of $3,337 M.
In a different news, on Jun 10, 2016, Walter J Iii Mullen (director) purchased 600 shares at $38.61 per share price. According to the SEC, on Jun 1, 2016, Richard L Cisne (director) purchased 4,100 shares at $39.18 per share price. On May 24, 2016, Paula H Cholmondeley (director) purchased 1,348 shares at $37.34 per share price, according to the Form-4 filing with the securities and exchange commission.
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.