Equities research analysts expect Bank OZK (NASDAQ:OZK – Get Rating) to announce $285.05 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Bank OZK’s earnings, with estimates ranging from $282.50 million to $289.90 million. Bank OZK reported sales of $268.49 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The company is expected to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Bank OZK will report full-year sales of $1.15 billion for the current financial year, with estimates ranging from $1.11 billion to $1.20 billion. For the next year, analysts expect that the company will post sales of $1.25 billion, with estimates ranging from $1.21 billion to $1.35 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Bank OZK.
Bank OZK (NASDAQ:OZK – Get Rating) last released its quarterly earnings data on Thursday, April 21st. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.07. Bank OZK had a net margin of 47.54% and a return on equity of 12.57%. The firm had revenue of $280.82 million during the quarter, compared to analysts’ expectations of $273.45 million. During the same period in the previous year, the company earned $1.11 earnings per share.
Several analysts recently issued reports on the stock. Raymond James cut their target price on shares of Bank OZK from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, April 25th. Stephens boosted their target price on shares of Bank OZK from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, April 25th. Piper Sandler cut their target price on shares of Bank OZK from $64.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, March 11th. Citigroup cut their target price on shares of Bank OZK from $50.00 to $45.00 in a research report on Wednesday, April 27th. Finally, StockNews.com assumed coverage on shares of Bank OZK in a research report on Thursday, March 31st. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $51.38.
Shares of NASDAQ OZK opened at $38.77 on Wednesday. The firm has a 50 day moving average of $40.94 and a 200 day moving average of $44.74. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 8.91 and a beta of 1.52. Bank OZK has a 12-month low of $37.08 and a 12-month high of $51.39.
The company also recently declared a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Friday, April 15th were given a $0.31 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Wednesday, April 13th. Bank OZK’s dividend payout ratio is presently 28.51%.
Several institutional investors and hedge funds have recently bought and sold shares of OZK. Deutsche Bank AG lifted its holdings in shares of Bank OZK by 8.2% in the third quarter. Deutsche Bank AG now owns 18,427 shares of the company’s stock worth $791,000 after buying an additional 1,393 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Bank OZK by 7.4% in the third quarter. CIBC Asset Management Inc now owns 5,199 shares of the company’s stock worth $223,000 after buying an additional 357 shares in the last quarter. AlphaCrest Capital Management LLC lifted its holdings in shares of Bank OZK by 8.2% in the third quarter. AlphaCrest Capital Management LLC now owns 10,616 shares of the company’s stock worth $456,000 after buying an additional 809 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Bank OZK by 21.3% in the third quarter. Goldman Sachs Group Inc. now owns 323,221 shares of the company’s stock worth $13,892,000 after buying an additional 56,735 shares in the last quarter. Finally, US Bancorp DE raised its stake in Bank OZK by 10.4% during the third quarter. US Bancorp DE now owns 4,480 shares of the company’s stock valued at $192,000 after purchasing an additional 423 shares in the last quarter. Institutional investors and hedge funds own 80.35% of the company’s stock.
Bank OZK Company Profile (Get Rating)
Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.
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