Brokerages expect Bank OZK (NASDAQ: OZK) to report earnings per share (EPS) of $ 0.98 for the current fiscal quarter, according to Zacks investment research. Four analysts provided earnings estimates for Bank OZK. The lowest EPS estimate is $ 0.94 and the highest is $ 1.06. Bank OZK posted earnings per share of $ 0.93 in the same quarter of last year, which would suggest a positive growth rate of 5.4% year-over-year. The company is expected to announce its next quarterly earnings report on Thursday, January 20.
According to Zacks, analysts expect Bank OZK to report annual earnings of $ 4.28 per share for the current fiscal year, with EPS estimates ranging from $ 4.24 to $ 4.37. For next year, analysts predict the company will post earnings of $ 3.84 per share, with EPS estimates ranging from $ 3.60 to $ 4.15. Zacks earnings per share averages are an average based on a survey of research analysts who follow Bank OZK.
OZK Bank (NASDAQ: OZK) last reported its quarterly results on Wednesday, October 20. The company reported earnings per share of $ 1.00 for the quarter, beating analyst consensus estimates of $ 0.97 by $ 0.03. OZK Bank had a net margin of 46.64% and return on equity of 12.31%. In the same quarter of the previous year, the company posted earnings per share of $ 0.84.
Separately, Morgan Stanley raised its price target on Bank OZK from $ 53.00 to $ 58.00 and gave the stock an “equal weight” rating in a research report on Monday. Two research analysts rated the stock with a conservation rating and two gave the company a buy rating. According to MarketBeat, the stock currently has an average rating of âBuyâ and a consensus target price of $ 46.00.
Several institutional investors and hedge funds have recently changed their positions in the company. 1832 Asset Management LP increased its stake in the shares of Bank OZK by 346.9% during the 2nd quarter. 1832 Asset Management LP now owns 715 shares of the company valued at $ 30,000 after purchasing an additional 555 shares in the last quarter. Fifth Third Bancorp increased its holdings in Bank OZK by 88.4% in the third quarter. Fifth Third Bancorp now owns 1,300 shares of the company valued at $ 56,000 after acquiring an additional 610 shares in the last quarter. Van ECK Associates Corp increased its stake in Bank OZK by 123.2% during the 2nd quarter. Van ECK Associates Corp now owns 1,424 shares of the company valued at $ 60,000 after acquiring an additional 786 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Bank OZK during the 3rd quarter valued at $ 74,000. Finally, USA Financial Portformulas Corp bought a new stake in the shares of Bank OZK in the 2nd quarter for a value of approximately $ 106,000. 81.20% of the shares are currently held by institutional investors.
Actions of NASDAQ OZK traded at $ 0.37 on Friday, reaching $ 45.41. The company had a trading volume of 481,574 shares, compared to its average volume of 684,830. The company has a quick ratio of 0.98, a current ratio of 0.98, and a leverage ratio of 0.27 . OZK Bank has a 12 month low of $ 29.73 and a 12 month high of $ 48.15. The company has a market cap of $ 5.87 billion, a P / E ratio of 10.74 and a beta of 1.68. The company has a 50-day moving average of $ 45.65 and a two-hundred-day moving average of $ 43.18.
The company also recently announced a quarterly dividend, which was paid on Friday, October 22. Shareholders of record on Friday October 15 received a dividend of $ 0.29 per share. This represents a dividend of $ 1.16 on an annualized basis and a dividend yield of 2.55%. This is a positive change from OZK Bank’s previous quarterly dividend of $ 0.29. The ex-dividend date was Thursday, October 14. Bank OZK’s payout rate is currently 27.42%.
About OZK Bank
Bank OZK engages in the provision of community banking services. The company offers deposit services such as checks, savings, money market, term deposit and individual retirement accounts. It also provides lending services including types of real estate, consumer, commercial, industrial and agricultural loans.
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