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Upgrade Alert for Bank of the Ozarks (OZRK)

By Nick Russo

Bank of the Ozarks (NASDAQ:OZRK) was upgraded from Market Perform to Outperform at Fig Partners today. The stock closed yesterday at $36.83 on volume of 1.9 million shares, above average daily volume of 1.7 million.

In the past 52 weeks, Bank of the Ozarks share prices have been bracketed by a low of $29.14 and a high of $54.96 and closed yesterday at $36.83, 26% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.13% higher over the past week, respectively.

Bank of the Ozarks, Inc. is the holding company for the Bank of the Ozarks. The Bank provides a wide range of retail and commercial banking services throughout operations in northern, western, and central Arkansas.

Bank of the Ozarks has overhead space with shares priced $36.83, or 32.4% below the average consensus analyst price target of $54.50. The stock should find initial resistance at its 50-day moving average (MA) of $41.77 and further resistance at its 200-day MA of $44.96.

SmarTrend is monitoring the recent change of momentum in Bank of the Ozarks. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bank of the Ozarks in search of a potential trend change.

Keywords: analyst upgrades/downgrades bank of the ozarks

Ticker(s): OZRK