FIG Partners Weighs in on Bank Of The Ozarks Inc’s Q1 2019 Earnings (OZRK)

Bank Of The Ozarks Inc (NASDAQ:OZRK) – Research analysts at FIG Partners issued their Q1 2019 earnings estimates for shares of Bank Of The Ozarks in a research note issued to investors on Thursday. FIG Partners analyst B. Martin forecasts that the financial services provider will earn $1.00 per share for the quarter. FIG Partners also issued estimates for Bank Of The Ozarks’ Q2 2019 earnings at $1.03 EPS, Q3 2019 earnings at $1.10 EPS, Q4 2019 earnings at $1.16 EPS and FY2019 earnings at $4.30 EPS.

Bank Of The Ozarks (NASDAQ:OZRK) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. Bank Of The Ozarks had a net margin of 35.53% and a return on equity of 11.50%. The business had revenue of $245.04 million for the quarter, compared to the consensus estimate of $249.84 million. During the same quarter in the previous year, the firm earned $0.72 earnings per share.

Several other equities analysts also recently weighed in on the stock. Brean Capital reaffirmed a “buy” rating on shares of Bank Of The Ozarks in a report on Wednesday, December 6th. SunTrust Banks reaffirmed a “hold” rating and set a $50.00 price target on shares of Bank Of The Ozarks in a report on Thursday, October 12th. Raymond James Financial lowered their price target on shares of Bank Of The Ozarks from $59.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, October 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $54.00 price target on shares of Bank Of The Ozarks in a report on Thursday, December 14th. Finally, Zacks Investment Research raised shares of Bank Of The Ozarks from a “sell” rating to a “hold” rating in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $56.00.

Shares of Bank Of The Ozarks (NASDAQ:OZRK) traded up $0.30 during trading hours on Friday, reaching $51.52. 705,415 shares of the company’s stock traded hands, compared to its average volume of 1,320,000. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.99. Bank Of The Ozarks has a twelve month low of $40.15 and a twelve month high of $56.86. The stock has a market capitalization of $6,600.00, a P/E ratio of 19.01, a P/E/G ratio of 1.13 and a beta of 1.50.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 19th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, January 18th. This is an increase from Bank Of The Ozarks’s previous quarterly dividend of $0.19. Bank Of The Ozarks’s payout ratio is 27.31%.

Hedge funds have recently added to or reduced their stakes in the company. Willingdon Wealth Management purchased a new position in shares of Bank Of The Ozarks in the third quarter worth $104,000. BB&T Investment Services Inc. purchased a new position in shares of Bank Of The Ozarks in the second quarter worth $190,000. Cadence Capital Management LLC purchased a new position in shares of Bank Of The Ozarks in the third quarter worth $202,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Bank Of The Ozarks in the third quarter worth $217,000. Finally, First Allied Advisory Services Inc. purchased a new position in shares of Bank Of The Ozarks in the second quarter worth $237,000. 86.21% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Bank Of The Ozarks (NASDAQ:OZRK)

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