UPDATE: Wunderlich Securities Reiterates On Bank Of The Ozarks On Higher EPS Estimates
In a report published Wednesday, Wunderlich Securities analyst Kevin Reynolds reiterated a Hold rating on Bank of the Ozarks (NASDAQ: OZRK), and raised the price target from $30.00 to $32.00.
In the report, Wunderlich Securities noted, “We maintain our Hold rating on Bank of the Ozarks (OZRK) and we are raising our price target to $32 at this time. OZRK reported 2Q14 operating EPS of $0.35, which was $0.02 ahead of consensus, as record organic loan growth, NIM expansion, and fee income growth were all partially offset by higher noninterest expenses (related to acquisitions) and provisioning levels (related to loan growth).
"Management raised its loan growth guidance for 2014 to a minimum of $850 million (vs. $600 million previously), in part reflecting the further growth of its specialty real estate lending division and an improving economic environment. We believe OZRK shares should be a core holding in any high-quality bank portfolio; however, the current share price reflects a relatively full valuation, in our opinion.”
Bank of the Ozarks closed on Tuesday at $33.58.
Latest Ratings for OZRK
|Dec 2015||Merion Capital Group||Upgrades||Neutral||Outperform|
|Aug 2015||Raymond James||Upgrades||Market Perform||Outperform|
|Jul 2015||Keefe Bruyette & Woods||Maintains||Market Perform|
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