Bank of the Ozarks (OZRK) Expected to Post Earnings of $0.75 Per Share

Equities analysts predict that Bank of the Ozarks (NASDAQ:OZRK) will announce earnings of $0.75 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Bank of the Ozarks’ earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.74. Bank of the Ozarks reported earnings of $0.72 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The business is scheduled to issue its next quarterly earnings results on Tuesday, January 16th.

According to Zacks, analysts expect that Bank of the Ozarks will report full year earnings of $2.95 per share for the current year, with EPS estimates ranging from $2.94 to $2.97. For the next year, analysts expect that the firm will report earnings of $3.29 per share, with EPS estimates ranging from $3.25 to $3.38. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover 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 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 analyst estimates of $243.67 million. Bank of the Ozarks had a net margin of 65.67% and a return on equity of 11.85%. During the same period last year, the firm earned $0.66 earnings per share.

Several analysts have commented on the stock. Raymond James Financial lowered their price objective on shares of Bank of the Ozarks from $59.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. ValuEngine lowered shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. SunTrust Banks reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Bank of the Ozarks in a research report on Thursday, October 12th. Finally, Brean Capital reaffirmed a “buy” rating on shares of Bank of the Ozarks in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Bank of the Ozarks currently has a consensus rating of “Hold” and a consensus price target of $54.14.

Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at $47.67 on Friday. The company has a market cap of $6,229.21, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.36 and a beta of 1.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.99. Bank of the Ozarks has a 12-month low of $40.15 and a 12-month high of $56.86.

Institutional investors and hedge funds have recently bought and sold shares of the company. Sabal Trust CO purchased a new position in shares of Bank of the Ozarks in the third quarter worth about $460,000. American Century Companies Inc. increased its stake in shares of Bank of the Ozarks by 15.0% in 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. BlackRock Inc. increased its stake in shares of Bank of the Ozarks by 4.8% in the second 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 in the last quarter. Principal Financial Group Inc. increased its stake in shares of Bank of the Ozarks by 144.6% in 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. Finally, Ameriprise Financial Inc. increased its stake in shares of Bank of the Ozarks by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 1,183,865 shares of the financial services provider’s stock worth $55,486,000 after purchasing an additional 41,961 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

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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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