Wall Street analysts predict that Bank of the Ozarks (NASDAQ:OZRK) will post earnings per share of $0.75 for the current quarter, Zacks reports. Four analysts have provided estimates for Bank of the Ozarks’ earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.76. Bank of the Ozarks reported earnings per share of $0.72 during the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The firm is expected to report its next earnings report on Tuesday, January 16th.

According to Zacks, analysts expect that Bank of the Ozarks will report full year earnings of $2.96 per share for the current fiscal year, with EPS estimates ranging from $2.94 to $2.99. For the next financial year, analysts forecast that the business will report earnings of $3.34 per share, with EPS estimates ranging from $3.25 to $3.45. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Bank of the Ozarks.

Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings data on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The business had revenue of $242.47 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.66 EPS.

A number of equities research analysts recently commented on OZRK shares. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Piper Jaffray Companies restated an “overweight” rating and issued a $55.00 price objective on shares of Bank of the Ozarks in a research report on Thursday, October 5th. Stephens set a $48.00 price objective on shares of Bank of the Ozarks and gave the company a “hold” rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods set a $56.00 price objective on shares of Bank of the Ozarks and gave the company a “buy” rating in a research report on Thursday, July 6th. Finally, BidaskClub downgraded shares of Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $54.13.

Several institutional investors have recently modified their holdings of OZRK. Principal Financial Group Inc. raised its position in shares of Bank of the Ozarks by 144.6% during the 2nd 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 during the last quarter. Epoch Investment Partners Inc. raised its position in shares of Bank of the Ozarks by 102.3% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,958,988 shares of the financial services provider’s stock worth $91,818,000 after purchasing an additional 990,815 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Bank of the Ozarks by 8.6% during the 2nd quarter. Vanguard Group Inc. now owns 10,724,158 shares of the financial services provider’s stock worth $502,641,000 after purchasing an additional 852,398 shares during the last quarter. BlackRock Inc. raised its position in shares of Bank of the Ozarks by 4.8% during the 2nd quarter. BlackRock Inc. now owns 10,457,898 shares of the financial services provider’s stock worth $490,162,000 after purchasing an additional 480,415 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Bank of the Ozarks during the 1st quarter worth approximately $21,750,000. Hedge funds and other institutional investors own 86.10% of the company’s stock.

Bank of the Ozarks (NASDAQ:OZRK) opened at 45.71 on Tuesday. The company has a 50-day moving average price of $45.47 and a 200-day moving average price of $46.00. The firm has a market cap of $5.86 billion, a PE ratio of 15.58 and a beta of 1.53. Bank of the Ozarks has a 12-month low of $35.53 and a 12-month high of $56.86.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 13th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, October 12th. Bank of the Ozarks’s dividend payout ratio (DPR) is presently 25.26%.

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

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