Brokerages expect Bank Ozk (NASDAQ:OZK) to post $249.48 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Bank Ozk’s earnings, with estimates ranging from $240.00 million to $256.20 million. Bank Ozk reported sales of $246.48 million in the same quarter last year, which indicates a positive year over year growth rate of 1.2%. The business is expected to announce its next quarterly earnings results on Thursday, April 11th.
According to Zacks, analysts expect that Bank Ozk will report full year sales of $1.03 billion for the current financial year, with estimates ranging from $1.01 billion to $1.05 billion. For the next financial year, analysts anticipate that the business will report sales of $1.10 billion, with estimates ranging from $1.07 billion to $1.12 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Bank Ozk.
Bank Ozk (NASDAQ:OZK) last released its earnings results on Thursday, January 17th. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The firm had revenue of $255.94 million during the quarter, compared to analysts’ expectations of $246.08 million. Bank Ozk had a net margin of 34.51% and a return on equity of 11.45%.
Several equities research analysts have recently weighed in on OZK shares. Brean Capital reaffirmed a “buy” rating on shares of Bank Ozk in a report on Monday, February 11th. SunTrust Banks upped their target price on shares of Bank Ozk to $35.00 and gave the stock a “hold” rating in a report on Tuesday, January 22nd. Barclays upped their target price on shares of Bank Ozk from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, January 22nd. Zacks Investment Research raised shares of Bank Ozk from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a report on Monday, January 21st. Finally, Stephens reaffirmed a “hold” rating and issued a $26.00 target price on shares of Bank Ozk in a report on Thursday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $31.82.
Large investors have recently modified their holdings of the business. Citizens Financial Group Inc RI grew its holdings in Bank Ozk by 1,681.2% during the 4th quarter. Citizens Financial Group Inc RI now owns 1,229 shares of the company’s stock worth $28,000 after acquiring an additional 1,160 shares during the last quarter. Parallel Advisors LLC bought a new stake in Bank Ozk during the 4th quarter worth about $30,000. Financial Architects Inc grew its holdings in Bank Ozk by 250.0% during the 4th quarter. Financial Architects Inc now owns 1,400 shares of the company’s stock worth $32,000 after acquiring an additional 1,000 shares during the last quarter. AlphaOne Investment Services LLC bought a new stake in Bank Ozk during the 4th quarter worth about $34,000. Finally, Proficio Capital Partners LLC grew its holdings in Bank Ozk by 40.4% during the 4th quarter. Proficio Capital Partners LLC now owns 1,572 shares of the company’s stock worth $36,000 after acquiring an additional 452 shares during the last quarter. 88.31% of the stock is currently owned by hedge funds and other institutional investors.
Bank Ozk stock traded down $0.29 on Thursday, hitting $33.08. The company’s stock had a trading volume of 435,300 shares, compared to its average volume of 1,527,171. The firm has a market capitalization of $4.29 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.80 and a beta of 1.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.96 and a quick ratio of 0.95. Bank Ozk has a one year low of $21.02 and a one year high of $53.70.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 15th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, January 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.66%. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.21. Bank Ozk’s dividend payout ratio is currently 27.16%.
About Bank Ozk
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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