Piper Jaffray Comments on Bank Of The Ozarks Inc’s Q2 2019 Earnings (OZRK)

Bank Of The Ozarks Inc (NASDAQ:OZRK) – Stock analysts at Piper Jaffray dropped their Q2 2019 earnings per share (EPS) estimates for Bank Of The Ozarks in a research report issued to clients and investors on Friday, April 13th. Piper Jaffray analyst W. Curtiss now forecasts that the financial services provider will earn $1.06 per share for the quarter, down from their prior forecast of $1.07. Piper Jaffray currently has a “Buy” rating and a $59.00 price target on the stock. Piper Jaffray also issued estimates for Bank Of The Ozarks’ Q4 2019 earnings at $1.18 EPS.

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Bank Of The Ozarks (NASDAQ:OZRK) last released its earnings results on Thursday, April 12th. The financial services provider reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. The company had revenue of $246.48 million for the quarter, compared to analysts’ expectations of $246.11 million. Bank Of The Ozarks had a return on equity of 11.65% and a net margin of 40.54%. During the same period in the previous year, the business posted $0.73 EPS.

OZRK has been the topic of a number of other reports. UBS started coverage on Bank Of The Ozarks in a research note on Thursday, March 22nd. They set a “sell” rating and a $45.00 target price on the stock. Brean Capital reiterated a “buy” rating on shares of Bank Of The Ozarks in a research note on Thursday, April 5th. Zacks Investment Research upgraded Bank Of The Ozarks from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Friday, January 5th. BidaskClub upgraded Bank Of The Ozarks from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Finally, Barclays lowered their target price on Bank Of The Ozarks from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $54.60.

NASDAQ OZRK opened at $46.36 on Monday. The firm has a market cap of $6,121.88, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.08 and a beta of 1.33. Bank Of The Ozarks has a one year low of $40.15 and a one year high of $53.70. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, April 13th will be paid a $0.195 dividend. This is a boost from Bank Of The Ozarks’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, April 12th. Bank Of The Ozarks’s payout ratio is currently 26.35%.

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in Bank Of The Ozarks by 115.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,459 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 1,852 shares during the period. Meridian Management Co. bought a new stake in Bank Of The Ozarks in the 4th quarter valued at about $201,000. Exane Derivatives raised its stake in Bank Of The Ozarks by 78.8% in the 4th quarter. Exane Derivatives now owns 4,486 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 1,977 shares during the period. Palouse Capital Management Inc. bought a new stake in Bank Of The Ozarks in the 4th quarter valued at about $242,000. Finally, Yorktown Management & Research Co Inc bought a new stake in Bank Of The Ozarks in the 4th quarter valued at about $242,000. Institutional investors and hedge funds own 88.68% of the company’s stock.

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About Bank Of The Ozarks

Bank of the Ozarks, Inc is a state chartered bank that provides retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts. Its loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services.

Earnings History and Estimates for Bank Of The Ozarks (NASDAQ:OZRK)

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