Wunderlich Securities Increase Price Target on Bank of the Ozark from $50 to $57 (OZRK)

Wunderlich Securities published a research report reiterating Buy rating on share and increased price target on the Bank of the Ozark (NASDAQ: OZRK) up $7.00 from $50.00 to $57.00 after the company's recent FDIC-assisted acquisitions completed on April 29.

Wunderlich Securities reported that, “With these two acquisitions, OZRK expands further in Georgia and Florida, increasing deposits by over 35% in a low-risk, highly accretive manner. With a strong management team, abundant capital, and credit quality that remains among the strongest in our research universe, we believe that current levels continue to understate the inherent value of OZRK's shares.”

Share of Bank of the Ozarks (OZRK) are trading at $46.32 today, gaining $1.79 or 4.02%