Bank OZK Stock Gets Reduced EPS Estimate from Zacks Research

Bank OZK (NASDAQ:OZK) – Equities research analysts at Zacks Research reduced their Q3 2028 earnings per share (EPS) estimates for Bank OZK in a research note issued to investors on Monday, September 28th. Zacks Research analyst Team now anticipates that the company will earn $1.96 per share for the quarter, down from their previous forecast of $1.97. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Bank OZK’s current full-year earnings is $5.82 per share.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Tuesday, July 21st. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.48 by $0.01. Bank OZK had a net margin of 24.95% and a return on equity of 11.87%. The business had revenue of $430.02 million for the quarter, compared to the consensus estimate of $436.42 million. During the same period last year, the company earned $1.47 EPS. The firm’s revenue was up .5% compared to the same quarter last year.

A number of other research firms have also weighed in on OZK. Citigroup reaffirmed a “sell” rating on shares of Bank OZK in a report on Monday, August 17th. Raymond James Financial initiated coverage on Bank OZK in a research report on Tuesday, September 1st. They set a “market perform” rating for the company. TD Cowen cut their price target on shares of Bank OZK from $53.00 to $52.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank OZK in a research report on Friday, September 18th. Finally, Wall Street Zen raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $54.86.

Bank OZK Price Performance

OZK stock opened at $46.71 on Friday. The company has a fifty day moving average price of $49.47 and a 200-day moving average price of $48.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. Bank OZK has a 52-week low of $42.37 and a 52-week high of $53.39. The company has a market capitalization of $5.23 billion, a P/E ratio of 7.72 and a beta of 0.92.

Institutional Trading of Bank OZK

A number of institutional investors have recently modified their holdings of OZK. Eurizon Capital SGR S.p.A. bought a new stake in shares of Bank OZK in the 4th quarter worth approximately $36,000. IFP Advisors Inc boosted its holdings in Bank OZK by 1,307.5% in the second quarter. IFP Advisors Inc now owns 746 shares of the company’s stock valued at $39,000 after acquiring an additional 693 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Bank OZK by 218.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,365 shares of the company’s stock valued at $63,000 after acquiring an additional 937 shares in the last quarter. Miller Global Investments LLC purchased a new position in Bank OZK during the 3rd quarter valued at $66,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Bank OZK by 36.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,582 shares of the company’s stock worth $73,000 after purchasing an additional 424 shares during the period. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK announced that its Board of Directors has authorized a share repurchase plan on Monday, June 29th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 13th will be given a $0.49 dividend. The ex-dividend date is Tuesday, October 13th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.48. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.2%. Bank OZK’s dividend payout ratio is presently 31.74%.

Bank OZK Company Profile

Bank OZK (NASDAQ:OZK) is a regional financial institution headquartered in Little Rock, Arkansas. The bank provides banking and financial services to individuals, businesses and institutions through a network of branches and digital banking channels.

Its products and services include checking and savings accounts, certificates of deposit, consumer and commercial loans, residential mortgages, treasury management, online and mobile banking, and wealth management. Bank OZK also provides specialized lending through its Real Estate Specialties Group, which focuses on commercial real estate financing for projects in markets across the United States.

The company traces its origins to 1903, when it was founded as a community bank in Jasper, Arkansas.