$0.87 EPS Expected for Bank Ozk (OZK) This Quarter

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.

A number of equities research analysts have issued reports on the stock. Barclays raised shares of Bank Ozk from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $27.00 to $28.00 in a report on Thursday, January 10th. Stephens reaffirmed a “hold” rating and set a $26.00 target price on shares of Bank Ozk in a research note on Thursday, January 17th. Brean Capital reissued a “buy” rating on shares of Bank Ozk in a research note on Monday, February 11th. SunTrust Banks raised their price objective on shares of Bank Ozk to $35.00 and gave the company a “hold” rating in a research note on Tuesday, January 22nd. Finally, Zacks Investment Research raised shares of Bank Ozk from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research note on Monday, January 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.73.

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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Earnings History and Estimates for Bank Ozk (NASDAQ:OZK)

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