FY2017 EPS Estimates for Bank of the Ozarks (OZRK) Lifted by FIG Partners
Bank of the Ozarks (NASDAQ:OZRK) – Investment analysts at FIG Partners lifted their FY2017 earnings estimates for shares of Bank of the Ozarks in a research note issued on Wednesday. FIG Partners analyst B. Martin now forecasts that the financial services provider will earn $2.96 per share for the year, up from their previous estimate of $2.95.
OZRK has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Monday, August 28th. BidaskClub lowered shares of Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Morgan Stanley initiated coverage on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 target price for the company. Stephens set a $48.00 target price on shares of Bank of the Ozarks and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $55.00 target price on shares of Bank of the Ozarks in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $54.13.
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Bank of the Ozarks (NASDAQ:OZRK) opened at 45.70 on Friday. The firm has a market capitalization of $5.86 billion, a P/E ratio of 16.02 and a beta of 1.54. Bank of the Ozarks has a 52 week low of $35.53 and a 52 week high of $56.86. The stock has a 50 day moving average price of $44.82 and a 200-day moving average price of $46.32.
Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings data on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $242.47 million for the quarter, compared to the consensus estimate of $243.67 million. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. During the same period in the previous year, the business earned $0.66 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 13th will be issued a $0.185 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 1.62%. Bank of the Ozarks’s dividend payout ratio (DPR) is 24.57%.
A number of institutional investors and hedge funds have recently modified their holdings of OZRK. UBS Asset Management Americas Inc. lifted its holdings in Bank of the Ozarks by 56.7% in the first quarter. UBS Asset Management Americas Inc. now owns 145,834 shares of the financial services provider’s stock worth $7,585,000 after buying an additional 52,792 shares during the period. Karp Capital Management Corp purchased a new stake in Bank of the Ozarks in the first quarter worth about $766,000. M&T Bank Corp lifted its holdings in Bank of the Ozarks by 14.4% in the first quarter. M&T Bank Corp now owns 6,365 shares of the financial services provider’s stock worth $332,000 after buying an additional 802 shares during the period. JPMorgan Chase & Co. lifted its holdings in Bank of the Ozarks by 242.3% in the first quarter. JPMorgan Chase & Co. now owns 434,901 shares of the financial services provider’s stock worth $22,617,000 after buying an additional 307,851 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Bank of the Ozarks in the first quarter worth about $419,000. Institutional investors and hedge funds own 86.64% 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.
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