I don't own any shares of banks but if I did, this is the bank I'd like to own shares in. And it may be the one I own shares in real soon. The reason this company is on my hit list is because I don't have any exposure to any banking company and I really don't have any idea know why. So in the next few weeks I'll rectify this situation with Bank of the Ozarks as long as the shares in this companies remain at a reasonable price.
Bank of the Ozarks, Inc. operates as a bank holding company for Bank of the Ozarks that provides various banking products and services. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, and individual retirement accounts; and time deposits. Its loan products include loans secured by residential 1-4 family, non-farm/non-residential, agricultural, construction/land development, multifamily residential properties, and other land loans; and consumer loans. The company's loan products also comprise loans for commercial, industrial, and professional purposes, including loans to fund working capital requirements, purchase of machinery and equipment, and other purposes; term loans, balloon loans, and lines of credit; and agricultural loans for financing agricultural production consisting of loans to businesses or individuals engaged in the production of timber, poultry, livestock, or crops. In addition, it offers mortgage lending; treasury management services, such as wholesale lock box services; remote deposit capture services; and trust and wealth management services, including financial planning, money management, custodial, and corporate trust services. Further, the company provides real estate appraisals; ATMs; telephone banking; online and mobile banking services comprising electronic bill pay and consumer mobile deposits; credit, debit, and gift cards; safe deposit boxes; investment brokerage services; and other products and services, as well as processes merchant debit and credit card transactions. It serves businesses, individuals, and non-profit and governmental entities. As of December 31, 2015, the company operated 174 offices, which included 81 offices in Arkansas, 28 in Georgia, 25 in North Carolina, 22 in Texas, 10 in Florida, 3 in Alabama, 2 each in South Carolina and New York, and 1 in California. Bank of the Ozarks, Inc. was founded in 1981 and is headquartered in Little Rock, Arkansas.
(Summary) (Company) (Chart)
| 28 November 2016 Price $45.98 1yr Target $47.56 Analysts 9 Dividend $0.66 Payout Ratio 27.50% 1yr Cap Gain 3.43% Yield 1.43% 1yr Tot Return 4.86% P/E 19.55 PEG 1.63 Beta 1.41 | EPS (ttm) $2.40 EPS next yr $2.94 Forward P/E 15.97 EPS next 5yr 12.00% 1yr Price Support $35.28 Market Cap $5.69 Bil Revenues $561.70 Mil Earnings $233.60 Mil Profit Margin 41.58% Quick Ratio --- Current Ratio --- Debt/Equity 0.14 | 1yr RevGR 36.77% 3yr RevGR 25.47% 5yr RevGR 17.65% 1yr EarnGR 37.50% 3yr EarnGR 23.59% 5yr EarnGR 17.32% 1yr DivGR 16.32% 3yr DivGR 27.96% 5yr DivGR 29.25% ROA 1.80% ROE 12.80% |
 Monthly Chart |  Dividend History |
My Path Forward
This appears to be a great company with great fundamentals that was selling for a great price just a few weeks ago. Unfortunately that was then and this is now. And the price is about $6 higher than I'd like to pay for these shares. Accumulating these shares at $40 per share would increase the dividend yield to 1.65% and the one year share price increase to 18.90%. It would also increase the total return on investment to 20.55%.
I'm not sure is the stock will pullback to $40 per share but that's where I'll be willing to buy them. I'll put in a buy at that level and see what happens over the next week or so. If the order executes, I'll start a position with dividend reinvestment. If not, I'll readdress the issue again. I really like the company but no company is worth buying if the numbers don't work.
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