Zacks: Brokerages Anticipate Bank Ozk (OZK) to Post $0.90 EPS

Analysts predict that Bank Ozk (NASDAQ:OZK) will post $0.90 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Bank Ozk’s earnings. The lowest EPS estimate is $0.81 and the highest is $0.93. Bank Ozk reported earnings per share of $0.75 during the same quarter last year, which suggests a positive year-over-year growth rate of 20%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, October 18th.

According to Zacks, analysts expect that Bank Ozk will report full-year earnings of $3.60 per share for the current year, with EPS estimates ranging from $3.54 to $3.64. For the next financial year, analysts forecast that the business will post earnings of $3.95 per share, with EPS estimates ranging from $3.73 to $4.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Bank Ozk.

Several analysts recently commented on the company. TheStreet cut Bank Ozk from a “b-” rating to a “c+” rating in a research report on Friday, October 12th. ValuEngine cut Bank Ozk from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 13th. Brean Capital reiterated a “buy” rating on shares of Bank Ozk in a research report on Monday, August 27th. Zacks Investment Research upgraded Bank Ozk from a “sell” rating to a “hold” rating in a research report on Monday, September 24th. Finally, Stephens reiterated a “hold” rating and set a $48.00 price target on shares of Bank Ozk in a research report on Thursday, August 23rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Bank Ozk currently has an average rating of “Hold” and a consensus price target of $48.50.

Hedge funds have recently modified their holdings of the company. BKD Wealth Advisors LLC acquired a new position in shares of Bank Ozk during the 3rd quarter valued at $304,000. Raymond James Trust N.A. acquired a new position in shares of Bank Ozk during the 3rd quarter valued at $382,000. Osborn Williams & Donohoe LLC acquired a new position in shares of Bank Ozk during the 3rd quarter valued at $404,000. Bank of Montreal Can acquired a new position in shares of Bank Ozk during the 3rd quarter valued at $434,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Bank Ozk during the 3rd quarter valued at $479,000. Institutional investors own 87.06% of the company’s stock.

OZK traded up $0.09 during trading hours on Wednesday, hitting $36.43. The company’s stock had a trading volume of 893,000 shares, compared to its average volume of 1,020,998. Bank Ozk has a fifty-two week low of $34.62 and a fifty-two week high of $53.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $4.87 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.87 and a beta of 1.20.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, October 12th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, October 11th. This is a boost from Bank Ozk’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.31%. Bank Ozk’s dividend payout ratio (DPR) is 28.38%.

About Bank Ozk

Bank OZK provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.

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

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