Wall Street analysts predict that Bank OZK (NASDAQ:OZK – Get Rating) will announce $285.05 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Bank OZK’s earnings. The highest sales estimate is $289.90 million and the lowest is $282.50 million. Bank OZK reported sales of $268.49 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The firm is expected to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Bank OZK will report full-year sales of $1.15 billion for the current fiscal year, with estimates ranging from $1.11 billion to $1.20 billion. For the next year, analysts forecast that the business 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 an average based on a survey of sell-side analysts that that provide coverage for Bank OZK.
Bank OZK (NASDAQ:OZK – Get Rating) last announced its earnings results on Thursday, April 21st. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.95 by $0.07. Bank OZK had a return on equity of 12.57% and a net margin of 47.54%. The business had revenue of $280.82 million for the quarter, compared to the consensus estimate of $273.45 million. During the same period in the previous year, the business earned $1.11 EPS.
Large investors have recently made changes to their positions in the business. Captrust Financial Advisors raised its position in Bank OZK by 4,707.9% in the 3rd quarter. Captrust Financial Advisors now owns 172,124 shares of the company’s stock worth $7,398,000 after purchasing an additional 168,544 shares during the period. National Bank of Canada FI purchased a new position in shares of Bank OZK in the fourth quarter valued at about $220,000. Janney Montgomery Scott LLC increased its position in shares of Bank OZK by 5.7% in the third quarter. Janney Montgomery Scott LLC now owns 6,557 shares of the company’s stock valued at $282,000 after acquiring an additional 356 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Bank OZK in the third quarter valued at about $530,000. Finally, Commerce Bank increased its position in shares of Bank OZK by 4.6% in the third quarter. Commerce Bank now owns 12,611 shares of the company’s stock valued at $542,000 after acquiring an additional 553 shares during the period. 80.35% of the stock is owned by hedge funds and other institutional investors.
OZK opened at $41.23 on Thursday. The company has a fifty day simple moving average of $42.48 and a 200 day simple moving average of $45.41. Bank OZK has a 12 month low of $38.10 and a 12 month high of $51.39. The stock has a market cap of $5.17 billion, a P/E ratio of 9.48 and a beta of 1.52. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.28.
The company also recently declared a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Friday, April 15th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.01%. This is an increase from Bank OZK’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, April 13th. Bank OZK’s dividend payout ratio (DPR) is presently 28.51%.
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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