Wall Street analysts forecast that Bank Ozk (NASDAQ:OZK) will post earnings of $0.87 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Bank Ozk’s earnings. The highest EPS estimate is $0.88 and the lowest is $0.86. Bank Ozk posted earnings per share of $0.89 in the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The business is expected to report its next quarterly earnings report on Wednesday, July 10th.
On average, analysts expect that Bank Ozk will report full year earnings of $3.50 per share for the current financial year, with EPS estimates ranging from $3.47 to $3.52. For the next financial year, analysts expect that the company will report earnings of $3.60 per share, with EPS estimates ranging from $3.52 to $3.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Bank Ozk.
Bank Ozk (NASDAQ:OZK) last released its earnings results on Wednesday, April 17th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The company had revenue of $249.96 million during the quarter, compared to the consensus estimate of $251.88 million. Bank Ozk had a return on equity of 11.11% and a net margin of 33.40%. During the same quarter in the previous year, the company posted $0.88 earnings per share.
Several hedge funds and other institutional investors have recently bought and sold shares of OZK. Vanguard Group Inc purchased a new stake in shares of Bank Ozk during the 3rd quarter worth about $445,842,000. Vanguard Group Inc. purchased a new stake in shares of Bank Ozk during the 3rd quarter worth $445,842,000. Diamond Hill Capital Management Inc. boosted its position in shares of Bank Ozk by 122.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 6,602,068 shares of the company’s stock worth $150,725,000 after buying an additional 3,635,438 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of Bank Ozk in the 3rd quarter worth about $128,579,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Bank Ozk in the 3rd quarter worth about $57,084,000. 90.96% of the stock is owned by institutional investors and hedge funds.
NASDAQ OZK traded up $0.14 on Friday, reaching $32.03. The company had a trading volume of 13,491 shares, compared to its average volume of 1,280,492. The company has a market capitalization of $4.10 billion, a PE ratio of 9.78, a P/E/G ratio of 0.78 and a beta of 1.92. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. Bank Ozk has a 52 week low of $21.02 and a 52 week high of $50.39.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 15th were paid a $0.23 dividend. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, April 12th. This represents a $0.92 annualized dividend and a dividend yield of 2.87%. Bank Ozk’s dividend payout ratio (DPR) is presently 28.40%.
Bank Ozk Company Profile
Bank OZK provides 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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