Bank Of The Ozarks (OZRK) Hits New Lifetime High

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Bank of the Ozarks ( OZRK) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Bank of the Ozarks as such a stock due to the following factors:

  • OZRK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $17.9 million.
  • OZRK has traded 3,546 shares today.
  • OZRK is trading at a new lifetime high.

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More details on OZRK:

Bank of the Ozarks, Inc. operates as the bank holding company for Bank of the Ozarks that provides a range of retail and commercial banking services. The company accepts various deposits products, such as checking, savings, money market, time deposit, and individual retirement accounts. The stock currently has a dividend yield of 1.3%. OZRK has a PE ratio of 25. Currently there are 4 analysts that rate Bank of the Ozarks a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Bank of the Ozarks has been 466,100 shares per day over the past 30 days. Bank of the Ozarks has a market cap of $3.5 billion and is part of the financial sector and banking industry. The stock has a beta of 1.41 and a short float of 8.3% with 13.28 days to cover. Shares are up 6.6% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Bank of the Ozarks as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:
  • BANK OF THE OZARKS INC has improved earnings per share by 38.2% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, BANK OF THE OZARKS INC increased its bottom line by earning $1.51 versus $1.26 in the prior year. This year, the market expects an improvement in earnings ($2.03 versus $1.51).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 57.8% when compared to the same quarter one year prior, rising from $25.28 million to $39.89 million.
  • Powered by its strong earnings growth of 38.23% and other important driving factors, this stock has surged by 37.89% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Commercial Banks industry and the overall market on the basis of return on equity, BANK OF THE OZARKS INC has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.

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