Wall Street brokerages expect that Bank of the Ozarks (NASDAQ:OZRK) will report sales of $249.84 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Bank of the Ozarks’ earnings, with the lowest sales estimate coming in at $245.50 million and the highest estimate coming in at $254.00 million. Bank of the Ozarks posted sales of $225.37 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.9%. The firm is scheduled to report its next quarterly earnings results on Tuesday, January 16th.

According to Zacks, analysts expect that Bank of the Ozarks will report full year sales of $249.84 million for the current year, with estimates ranging from $941.47 million to $960.20 million. For the next year, analysts forecast that the firm will report sales of $1.08 billion per share, with estimates ranging from $1.05 billion to $1.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Bank of the Ozarks.

Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. The business had revenue of $242.47 million during the quarter, compared to the consensus estimate of $243.67 million. Bank of the Ozarks had a return on equity of 12.63% and a net margin of 40.58%. During the same quarter in the previous year, the company posted $0.66 EPS.

Several research analysts have recently issued reports on OZRK shares. Brean Capital reaffirmed a “buy” rating on shares of Bank of the Ozarks in a research note on Wednesday, August 2nd. Zacks Investment Research raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine downgraded Bank of the Ozarks from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Stephens set a $48.00 price target on Bank of the Ozarks and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $50.00 price target on shares of Bank of the Ozarks in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Bank of the Ozarks presently has an average rating of “Hold” and an average price target of $54.13.

A number of hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC raised its stake in Bank of the Ozarks by 41.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 24,971 shares of the financial services provider’s stock valued at $1,200,000 after purchasing an additional 7,256 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its stake in Bank of the Ozarks by 26.3% in the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 162,525 shares of the financial services provider’s stock valued at $7,809,000 after purchasing an additional 33,825 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in Bank of the Ozarks in the 3rd quarter valued at about $10,114,000. First Republic Investment Management Inc. raised its stake in Bank of the Ozarks by 79.4% in the 3rd quarter. First Republic Investment Management Inc. now owns 12,648 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 5,599 shares during the last quarter. Finally, Davis Capital Partners LLC raised its stake in Bank of the Ozarks by 8.3% in the 3rd quarter. Davis Capital Partners LLC now owns 325,000 shares of the financial services provider’s stock valued at $15,616,000 after purchasing an additional 25,000 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

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Bank of the Ozarks (NASDAQ OZRK) opened at $43.78 on Wednesday. The stock has a market capitalization of $5,562.63, a price-to-earnings ratio of 14.70, a PEG ratio of 1.21 and a beta of 1.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.93. Bank of the Ozarks has a one year low of $40.15 and a one year high of $56.86.

The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 13th were paid a $0.185 dividend. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, October 12th. This represents a $0.74 annualized dividend and a yield of 1.69%. Bank of the Ozarks’s payout ratio is presently 25.26%.

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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