Wunderlich Securities Reiterates Bank of the Ozarks Buy, $28 Price Target

Wunderlich Securities reiterated its Bank of the Ozarks 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorReiterationAnalyst RatingsWunderlich Securities
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!