Bank Of The Ozarks Shares React To Company's Record Q3
Coming off a record Q3, Bank of The Ozarks Inc (NASDAQ: OZRK) shares are moving sharply higher after posting record profits.
Q3 net income for the Little Rock, Arkansas-based bank came in at a company record $76 million, representing nearly a 65 percent year-over-year increase.
Bank of the Ozarks earned $0.66 per share in the quarter, $0.06 ahead of analyst expectations. EPS figures were up 26.9 percent from Q3 2015.
The stock is seeing heavy trading after the report. Less than one hour into the trading session, volume has already surpassed its daily average of 1.24 million.
Shares traded recently at $42.99, up 3.9 percent.
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