Wall Street brokerages predict that Bank OZK (NASDAQ:OZK) will report earnings per share (EPS) of $0.87 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Bank OZK’s earnings, with estimates ranging from $0.83 to $0.95. Bank OZK posted earnings per share of $0.09 during the same quarter last year, which would suggest a positive year-over-year growth rate of 866.7%. The company is scheduled to issue its next earnings results after the market closes on Thursday, April 22nd.
According to Zacks, analysts expect that Bank OZK will report full year earnings of $3.29 per share for the current year, with EPS estimates ranging from $3.15 to $3.38. For the next year, analysts expect that the company will post earnings of $3.32 per share, with EPS estimates ranging from $3.13 to $3.70. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Bank OZK.
Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Wednesday, January 20th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.15. The company had revenue of $266.26 million for the quarter, compared to the consensus estimate of $250.03 million. Bank OZK had a return on equity of 6.58% and a net margin of 22.78%.
A number of research analysts recently weighed in on the company. Raymond James upped their price target on Bank OZK from $31.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, January 25th. Citigroup upped their price target on Bank OZK from $32.00 to $37.00 in a research note on Tuesday, January 26th. Zacks Investment Research downgraded Bank OZK from a “buy” rating to a “hold” rating and set a $39.00 price target on the stock. in a research note on Wednesday, January 27th. Morgan Stanley boosted their price objective on Bank OZK from $47.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 24th. Finally, TheStreet raised Bank OZK from a “c+” rating to a “b” rating in a report on Tuesday, January 5th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Bank OZK currently has an average rating of “Hold” and a consensus target price of $34.33.
Hedge funds have recently modified their holdings of the stock. Fieldpoint Private Securities LLC purchased a new stake in shares of Bank OZK in the fourth quarter worth $37,000. Montag A & Associates Inc. purchased a new stake in Bank OZK during the fourth quarter valued at about $39,000. Dimension Capital Management LLC purchased a new stake in Bank OZK during the third quarter valued at about $38,000. Captrust Financial Advisors raised its position in Bank OZK by 700.4% during the fourth quarter. Captrust Financial Advisors now owns 1,841 shares of the company’s stock valued at $58,000 after purchasing an additional 1,611 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in Bank OZK by 573.7% during the fourth quarter. Toronto Dominion Bank now owns 4,278 shares of the company’s stock valued at $134,000 after purchasing an additional 3,643 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.
Shares of NASDAQ:OZK traded down $0.22 during midday trading on Wednesday, reaching $39.58. The company’s stock had a trading volume of 17,649 shares, compared to its average volume of 943,267. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 18.95 and a beta of 1.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average price of $42.10 and a two-hundred day moving average price of $32.75. Bank OZK has a fifty-two week low of $16.59 and a fifty-two week high of $45.83.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 19th. Shareholders of record on Monday, April 12th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.83%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, April 9th. Bank OZK’s dividend payout ratio is 33.64%.
About Bank OZK
Bank OZK provides various retail and commercial banking services. The company accepts various deposit products, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. It also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.
Recommended Story: Retained Earnings
For more information about research offerings from Zacks Investment Research, visit Zacks.com