Wall Street analysts expect Bank Ozk (NASDAQ:OZK) to report $250.44 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Bank Ozk’s earnings, with the highest sales estimate coming in at $264.70 million and the lowest estimate coming in at $243.80 million. Bank Ozk reported sales of $245.04 million in the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The business is scheduled to report its next quarterly earnings results on Tuesday, January 15th.
On average, analysts expect that Bank Ozk will report full-year sales of $996.12 million for the current fiscal year, with estimates ranging from $986.40 million to $1.02 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.04 billion, with estimates ranging from $1.00 billion to $1.13 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Bank Ozk.
Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, October 18th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.32). The company had revenue of $244.74 million during the quarter, compared to the consensus estimate of $258.05 million. Bank Ozk had a net margin of 38.37% and a return on equity of 11.17%. During the same period in the prior year, the company posted $0.75 EPS.
A number of large investors have recently made changes to their positions in OZK. Oregon Public Employees Retirement Fund acquired a new stake in Bank Ozk during the 2nd quarter valued at $2,139,000. Public Employees Retirement System of Ohio purchased a new position in shares of Bank Ozk during the 2nd quarter valued at $1,932,000. BKD Wealth Advisors LLC purchased a new position in shares of Bank Ozk during the 3rd quarter valued at $304,000. State of Alaska Department of Revenue purchased a new position in shares of Bank Ozk during the 3rd quarter valued at $479,000. Finally, Bank of Montreal Can purchased a new position in shares of Bank Ozk during the 3rd quarter valued at $434,000. 87.23% of the stock is currently owned by institutional investors.
Shares of NASDAQ OZK traded up $0.54 during trading on Friday, hitting $25.40. The company had a trading volume of 3,100,300 shares, compared to its average volume of 1,192,560. The stock has a market capitalization of $3.26 billion, a P/E ratio of 8.58, a P/E/G ratio of 0.60 and a beta of 1.20. Bank Ozk has a 52 week low of $24.15 and a 52 week high of $53.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.95 and a current ratio of 0.95.
The company also recently announced a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 12th were paid a dividend of $0.21 per share. This is an increase from Bank Ozk’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.31%. The ex-dividend date was Thursday, October 11th. Bank Ozk’s payout ratio is 28.38%.
Bank Ozk Company Profile
Bank OZK provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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