Financial

Stocks within Traders Radar: Bank of America Corporation (NYSE:BAC), Bank of the Ozarks (NASDAQ:OZRK)

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Bank of America Corporation (NYSE:BAC) went lower by -0.90% to close at $ 14.27. The company exchanged total volume of 70.99 million shares throughout course of last trade however it holds an average trading capacity of 93.64 million shares. Shares of company began trading at $14.43 climbed to high of $14.47 touched the low of $14.26.

The company is trading above its 50-day moving averages of 13.60 and up from 200-day moving averages of 13.75. The firm has price to book ratio of 0.62 and its price to sale ratio was 1.95.

Bank of America Corporation’s (BAC) has price-to-cash ratio of 0.23 and price to sale ratio of 2.96. The company net profit margin is 27.60% . A look on the firm performance, its monthly performance is 4.77% and a quarterly performance of -3.90%. The stock price is moving up from its 20 days moving average with 6.84% and isolated positively from 50 days moving average with 3.01%.

Bank of America reported a comprehensive redesign of its award-winning mobile app that includes easier navigation and the ability to set the language to Spanish, in addition to other features that make it easier for consumers to control their finances from the palm of their hand.

“Our clients increasingly rely on their mobile devices to navigate daily life and manage their finances, and now we are excited to give our Spanish-speaking clients improved access to our mobile capabilities,” stated Michelle Moore, head of Digital Banking. “We want to be where our consumers are, which is why we are proud to deliver these new features that provide raised convenience to our 20 million active mobile users.”

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. 1 Month Ago,  shares have been suggested as “BUY” from “5” brokerage firms and recommended as “Strong Buy” by “3” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “1.62” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

Bank of the Ozarks (NASDAQ:OZRK) dropped -0.99% and closed the trade at $ 37.18. The company recorded a trading capacity of 6.64 million shares above its three months average daily volume of 1.89 million shares. During the last trade, shares reached to high price of $37.61 and touched the low price of $36.53. The stock’s 50-day moving average is noted at $37.80 and its 200-day moving average is stands at $40.46.

Additionally, the company has a PE ratio of 16.39 and has EPS of 2.27. The company has market capitalization of $3.37B.

The average true range of Bank of the Ozarks, Inc.’s (OZRK) is recorded at 1.35 and the relative strength index of the stock stands 46.88. The stock price is going above to its 52 week low with 11.40% and lagging behind from its 52 week high with -31.61%. Analyst recommendation for this stock stands at 1.80. A look on the firm performance, its monthly performance is -0.46% and a quarterly performance of -14.74%. The stock price is trading downbeat from its 200 days moving average with -14.00% and down from 50 days moving average with -1.30%.

Bank of the Ozarks, Inc. (OZRK) reported the completion of its merger of C1 Financial, Inc. (“C1”) with and into the Firm effective July 21, 2016. Simultaneous with the closing of this merger, C1 Bank, C1’s wholly-owned bank subsidiary, merged with and into the Company’s wholly-owned bank subsidiary, Bank of the Ozarks. This is the Company’s fifteenth acquisition since March of 2010. At June 30, 2016, C1 had about $1.7 billion of total assets, $1.4 billion of loans and $1.3 billion of deposits.

 

Pursuant to the terms of the merger contract, each share of C1 ordinary stock issued and outstanding immediately previousto the closing was converted into the right to receive 0.6283 of a share of the Company’s ordinary stock. Any fractional shares will be paid in cash. In connection with the closing of the merger, the Firmissued about 9.4 million shares of its ordinary stock to C1 shareholders, net of shares redeemed in exchange for certain C1 Bank loans sold to an associate of a former C1 shareholder.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. 1 Month Ago,  shares have been suggested as “BUY” from “3” brokerage firms and recommended as “Strong Buy” by “1” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “2” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

 

 

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