Wunderlich Securities Reiterates Bank of the Ozarks Buy, $28 Price Target
Wunderlich Securities reiterated its Bank of the Ozarks (NASDAQ: OZRK) Buy rating and $28 price target in a research report published today.
In the report, Wunderlich Securities states, "We maintain our Buy rating on Bank of the Ozarks (OZRK) and our $28 price target after the company reported 3Q11 EPS of $0.55, easily exceeding both our estimate and consensus, representing the 14th straight quarter exceeding consensus. This was another strong quarter for OZRK as core loan growth plus NIM expansion led to revenue growth, which, coupled with lower credit costs and operating expenses, yielded results that easily exceeded expectations for the quarter."
Shares of Bank of the Ozarks were trading at $23.71 at the time of posting, up 1.02% from Wednesday's market close.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.