Bank OZK (NASDAQ:OZK) Expected to Post Earnings of $0.92 Per Share

Brokerages expect Bank OZK (NASDAQ:OZKGet Rating) to announce $0.92 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Bank OZK’s earnings, with estimates ranging from $0.86 to $0.94. Bank OZK posted earnings of $1.11 per share in the same quarter last year, which would suggest a negative year over year growth rate of 17.1%. The firm is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Bank OZK will report full year earnings of $3.93 per share for the current year, with EPS estimates ranging from $3.68 to $4.20. For the next fiscal year, analysts anticipate that the business will post earnings of $4.23 per share, with EPS estimates ranging from $3.97 to $5.05. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for Bank OZK.

Bank OZK (NASDAQ:OZKGet Rating) last released its earnings results on Thursday, January 20th. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.19. Bank OZK had a net margin of 48.78% and a return on equity of 12.80%. The company had revenue of $296.08 million for the quarter, compared to analysts’ expectations of $273.42 million. During the same quarter in the previous year, the company earned $0.93 EPS. Bank OZK’s revenue for the quarter was up 11.2% on a year-over-year basis.

A number of research analysts recently weighed in on the stock. Raymond James lifted their target price on shares of Bank OZK from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, January 24th. Citigroup boosted their target price on shares of Bank OZK from $46.00 to $50.00 in a report on Tuesday, January 25th. Truist Financial boosted their target price on shares of Bank OZK from $48.00 to $53.00 in a report on Monday, January 24th. Piper Sandler reduced their target price on shares of Bank OZK from $64.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, March 11th. Finally, StockNews.com began coverage on shares of Bank OZK in a report on Thursday, March 31st. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $52.25.

A number of institutional investors and hedge funds have recently bought and sold shares of OZK. Covestor Ltd bought a new stake in shares of Bank OZK in the 4th quarter valued at about $27,000. Quadrant Capital Group LLC purchased a new stake in Bank OZK during the fourth quarter valued at approximately $37,000. Confluence Wealth Services Inc. acquired a new stake in Bank OZK in the fourth quarter valued at approximately $45,000. C M Bidwell & Associates Ltd. acquired a new stake in Bank OZK in the fourth quarter valued at approximately $45,000. Finally, Point72 Hong Kong Ltd purchased a new position in Bank OZK in the third quarter worth $74,000. Institutional investors own 79.75% of the company’s stock.

OZK opened at $40.48 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.99 and a current ratio of 0.99. Bank OZK has a fifty-two week low of $38.01 and a fifty-two week high of $51.39. The firm’s fifty day moving average is $44.93 and its 200 day moving average is $45.83. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 9.06 and a beta of 1.56.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 22nd. Stockholders of record on Friday, April 15th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, April 13th. This is an increase 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 3.06%. Bank OZK’s dividend payout ratio (DPR) is currently 26.85%.

About Bank OZK (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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Earnings History and Estimates for Bank OZK (NASDAQ:OZK)

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