Equities research analysts expect Bank of the Ozarks (NASDAQ:OZRK) to report $243.67 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Bank of the Ozarks’ earnings. The lowest sales estimate is $238.10 million and the highest is $248.20 million. Bank of the Ozarks posted sales of $204.38 million during the same quarter last year, which suggests a positive year over year growth rate of 19.2%. The firm is expected to report its next earnings results on Tuesday, October 10th.

On average, analysts expect that Bank of the Ozarks will report full-year sales of $243.67 million for the current fiscal year, with estimates ranging from $940.50 million to $965.80 million. For the next fiscal year, analysts forecast that the company will report sales of $1.11 billion per share, with estimates ranging from $1.08 billion to $1.15 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Bank of the Ozarks.

Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.73. The business had revenue of $237.30 million during the quarter, compared to analyst estimates of $232.85 million. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The company’s revenue was up 64.8% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS.

A number of equities research analysts have recently commented on the stock. Brean Capital reaffirmed a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. Keefe, Bruyette & Woods set a $56.00 target price on shares of Bank of the Ozarks and gave the company a “buy” rating in a report on Thursday, July 6th. Stephens reaffirmed a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, May 24th. BidaskClub raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Monday, August 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $53.14.

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Bank of the Ozarks (OZRK) opened at 43.44 on Monday. The firm’s 50 day moving average price is $42.53 and its 200-day moving average price is $47.25. Bank of the Ozarks has a 1-year low of $35.53 and a 1-year high of $56.86. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 15.27 and a beta of 1.53.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Midwest Bank Trust Division raised its holdings in Bank of the Ozarks by 0.4% during the second quarter. First Midwest Bank Trust Division now owns 33,502 shares of the financial services provider’s stock worth $1,570,000 after purchasing an additional 143 shares in the last quarter. Bellwether Investment Group LLC raised its holdings in Bank of the Ozarks by 0.4% during the first quarter. Bellwether Investment Group LLC now owns 5,162 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 22 shares in the last quarter. American Century Companies Inc. raised its holdings in Bank of the Ozarks by 15.0% during the second quarter. American Century Companies Inc. now owns 1,155,532 shares of the financial services provider’s stock worth $54,160,000 after purchasing an additional 150,562 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Bank of the Ozarks by 4.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 527,393 shares of the financial services provider’s stock worth $27,430,000 after purchasing an additional 23,322 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Bank of the Ozarks by 144.6% during the second quarter. Principal Financial Group Inc. now owns 3,138,880 shares of the financial services provider’s stock worth $147,117,000 after purchasing an additional 1,855,697 shares in the last quarter. 86.70% of the stock is owned by hedge funds and other institutional investors.

About Bank of the Ozarks

Bank of the Ozarks, Inc is a state chartered bank that provides retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts. Its loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services.

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Earnings History and Estimates for Bank of the Ozarks (NASDAQ:OZRK)

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