Wall Street brokerages expect Bank of the Ozarks (NASDAQ:OZRK) to announce $0.74 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Bank of the Ozarks’ earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.73. Bank of the Ozarks reported earnings of $0.66 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12.1%. The firm is expected to announce its next quarterly earnings report before the market opens on Wednesday, October 11th.

According to Zacks, analysts expect that Bank of the Ozarks will report full-year earnings of $2.98 per share for the current year, with EPS estimates ranging from $2.95 to $3.00. For the next year, analysts expect that the firm will report earnings of $3.44 per share, with EPS estimates ranging from $3.40 to $3.50. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Bank of the Ozarks.

Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The business had revenue of $237.30 million during the quarter, compared to analysts’ expectations of $232.85 million. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The firm’s revenue for the quarter was up 64.8% compared to the same quarter last year. During the same period last year, the firm posted $0.60 EPS.

Several brokerages have weighed in on OZRK. Stephens set a $48.00 price objective on Bank of the Ozarks and gave the company a “hold” rating in a report on Thursday, August 3rd. Piper Jaffray Companies reissued an “overweight” rating and set a $55.00 price objective on shares of Bank of the Ozarks in a report on Thursday. Brean Capital reissued a “buy” rating and set a $59.00 price objective on shares of Bank of the Ozarks in a report on Friday, July 14th. ValuEngine lowered Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods set a $56.00 price objective on Bank of the Ozarks and gave the company a “buy” rating in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Bank of the Ozarks has a consensus rating of “Hold” and a consensus price target of $52.57.

ILLEGAL ACTIVITY NOTICE: “Analysts Anticipate Bank of the Ozarks (OZRK) to Announce $0.74 EPS” was published by American Banking News and is the property of of American Banking News. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/10/05/analysts-anticipate-bank-of-the-ozarks-ozrk-to-announce-0-74-eps.html.

Bank of the Ozarks (NASDAQ:OZRK) traded up 0.50% during mid-day trading on Thursday, reaching $47.89. The company had a trading volume of 64,033 shares. The company’s 50-day moving average is $43.84 and its 200-day moving average is $46.41. The stock has a market capitalization of $6.14 billion, a PE ratio of 16.84 and a beta of 1.54. Bank of the Ozarks has a one year low of $35.53 and a one year high of $56.86.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 13th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.74 annualized dividend and a dividend yield of 1.55%. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio is currently 25.35%.

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Bank of the Ozarks by 8.6% during the second quarter. Vanguard Group Inc. now owns 10,724,158 shares of the financial services provider’s stock worth $502,641,000 after acquiring an additional 852,398 shares in the last quarter. BlackRock Inc. lifted its position in shares of Bank of the Ozarks by 4.8% during the second quarter. BlackRock Inc. now owns 10,457,898 shares of the financial services provider’s stock worth $490,162,000 after acquiring an additional 480,415 shares in the last quarter. State Street Corp lifted its position in shares of Bank of the Ozarks by 6.3% during the second quarter. State Street Corp now owns 6,091,667 shares of the financial services provider’s stock worth $285,516,000 after acquiring an additional 363,391 shares in the last quarter. FMR LLC lifted its position in shares of Bank of the Ozarks by 4.1% during the second quarter. FMR LLC now owns 5,010,828 shares of the financial services provider’s stock worth $234,858,000 after acquiring an additional 197,825 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of 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 acquiring an additional 1,855,697 shares in the last quarter. Hedge funds and other institutional investors own 86.70% of the company’s stock.

Bank of the Ozarks Company Profile

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.

Get a free copy of the Zacks research report on Bank of the Ozarks (OZRK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Bank of the Ozarks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of the Ozarks and related companies with MarketBeat.com's FREE daily email newsletter.