Market Overview

UPDATE: Wunderlich Securities Upgrades Bank of the Ozarks to Buy, Raises PT

Related OZRK
Morgan Stanley: How Bank Investors Can Play 6 Global Themes For 2018
Your Favorite Analyst's Favorite Analyst: Which Sell Side Firm Has The Most Buy Ratings From Its Peers?

In a report published Friday, Wunderlich Securities upgraded its rating on Bank of the Ozarks, Inc. (NASDAQ: OZRK) from Hold to Buy and raised its price target from $32.00 to $37.00.

Wunderlich noted, “Our upgrade is not based on the fact that OZRK exceeded consensus EPS for the 17th straight quarter, but rather on how the company did it. OZRK exceeded our loan growth projections of $12 million and even its own guidance of $60 million per quarter by posting an $89 million increase in noncovered loans, an 18.7% LQA growth rate. Forward indicators remain bullish as the pipeline of unfunded closed loans (which represents future loan growth) increased $163 million (+42%) to $554 million at June 30, 2012.”

Bank of the Ozarks closed yesterday at $30.39.

Latest Ratings for OZRK

Dec 2017Morgan StanleyMaintainsOverweight
Oct 2017Raymond JamesMaintainsOutperform
Oct 2017PiperJaffrayAssumesOverweightOverweight

View More Analyst Ratings for OZRK
View the Latest Analyst Ratings

Posted-In: Wunderlich SecuritiesAnalyst Color Upgrades Analyst Ratings


Related Articles (OZRK)

View Comments and Join the Discussion!