Wall Street brokerages forecast that Bank Ozk (NASDAQ:OZK) will post $256.01 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Bank Ozk’s earnings, with estimates ranging from $252.90 million to $259.50 million. Bank Ozk posted sales of $252.05 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.6%. The company is scheduled to announce its next earnings report on Wednesday, July 10th.
On average, analysts expect that Bank Ozk will report full-year sales of $1.03 billion for the current financial year, with estimates ranging from $1.02 billion to $1.04 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.09 billion, with estimates ranging from $1.07 billion to $1.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Bank Ozk.
Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings results on Wednesday, April 17th. The company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.01. Bank Ozk had a net margin of 33.40% and a return on equity of 11.11%. The business had revenue of $249.96 million during the quarter, compared to the consensus estimate of $251.88 million. During the same period in the previous year, the firm posted $0.88 earnings per share.
OZK has been the subject of several recent analyst reports. Brean Capital reaffirmed a “buy” rating on shares of Bank Ozk in a research note on Monday, March 18th. Stephens set a $36.00 target price on shares of Bank Ozk and gave the company a “hold” rating in a research note on Monday, April 22nd. Zacks Investment Research downgraded shares of Bank Ozk from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. SunTrust Banks upped their target price on shares of Bank Ozk to $35.00 and gave the company a “hold” rating in a research note on Tuesday, January 22nd. Finally, Barclays upped their target price on shares of Bank Ozk from $28.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $32.73.
Institutional investors have recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. boosted its holdings in Bank Ozk by 51.6% during the fourth quarter. First Citizens Bank & Trust Co. now owns 11,827 shares of the company’s stock worth $270,000 after purchasing an additional 4,026 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Bank Ozk by 87.5% during the fourth quarter. Toronto Dominion Bank now owns 3,619 shares of the company’s stock worth $82,000 after purchasing an additional 1,689 shares during the last quarter. Morgan Stanley acquired a new position in Bank Ozk during the third quarter worth $24,951,000. JPMorgan Chase & Co. acquired a new position in Bank Ozk during the third quarter worth $27,747,000. Finally, Commonwealth Bank of Australia boosted its holdings in Bank Ozk by 31.7% during the fourth quarter. Commonwealth Bank of Australia now owns 7,900 shares of the company’s stock worth $180,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.
Shares of NASDAQ:OZK opened at $31.74 on Thursday. Bank Ozk has a 52 week low of $21.02 and a 52 week high of $50.39. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 0.74 and a beta of 1.95.
The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 15th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Friday, April 12th. This is a boost from Bank Ozk’s previous quarterly dividend of $0.22. Bank Ozk’s dividend payout ratio is 28.40%.
Bank Ozk Company Profile
Bank OZK provides retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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