BGB Securities Starts Bank of the Ozarks (OZRK) at Hold

BGB Securities initiates coverage on Bank of the Ozarks (NASDAQ: OZRK) with a Hold. PT $35.00.

The firm comments, "We are initiating coverage of OZRK with a Hold rating and a $35 price target. We derive our target through our discounted dividend model, the application of a 14x multiple to forward EPS and OZRK's tangible book multiple of approximately 245% applied to our September 30, 2013 estimate of $5.34. Our 2012 and 2013 EPS estimates are $2.19 and $2.27, respectively."

For an analyst ratings summary and ratings history on Bank of the Ozarks click here. For more ratings news on Bank of the Ozarks click here.

Shares of Bank of the Ozarks closed at $33.13 yesterday.

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