Bank of the Ozarks (OZRK) has been under a strong bear grip, hence the stock is down -8.1% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.58% in the past 1 week. The stock has risen by 1.64% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.15% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.58% and the 50-Day Moving Average is 0.14%. Bank of the Ozarks (NASDAQ:OZRK): On Fridays trading session , Opening price of the stock was $37.09 with an intraday high of $37.3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $36.77. However, the stock managed to close at $37.28, a loss of 0.24% for the day. On the previous day, the stock had closed at $37.37. The total traded volume of the day was 607,525 shares.
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 9.17% . Institutional Investors own 68.73% of Bank of the Ozarks shares. During last six month period, the net percent change held by insiders has seen a change of 18.45%. Also, Brokerage firm Keefe Bruyette & Woods reiterates its rating on Bank of the Ozarks (NASDAQ:OZRK). As per the latest information, the brokerage house lowers the price target to $46 per share from a prior target of $48. The shares have been rated Outperform. The rating by the firm was issued on June 24, 2016.
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.