Analysts Expect Bank Ozk (OZK) Will Post Quarterly Sales of $250.44 Million

Wall Street analysts expect Bank Ozk (NASDAQ:OZK) to report $250.44 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Bank Ozk’s earnings, with the highest sales estimate coming in at $264.70 million and the lowest estimate coming in at $243.80 million. Bank Ozk reported sales of $245.04 million in the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The business is scheduled to report its next quarterly earnings results on Tuesday, January 15th.

On average, analysts expect that Bank Ozk will report full-year sales of $996.12 million for the current fiscal year, with estimates ranging from $986.40 million to $1.02 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.04 billion, with estimates ranging from $1.00 billion to $1.13 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Bank Ozk.

Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, October 18th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.32). The company had revenue of $244.74 million during the quarter, compared to the consensus estimate of $258.05 million. Bank Ozk had a net margin of 38.37% and a return on equity of 11.17%. During the same period in the prior year, the company posted $0.75 EPS.



Several research firms have issued reports on OZK. Wells Fargo & Co dropped their price target on Bank Ozk from $40.00 to $33.00 and set a “market perform” rating on the stock in a report on Monday. Barclays dropped their price target on Bank Ozk from $38.00 to $27.00 and set an “underweight” rating on the stock in a report on Monday. Stephens reissued a “hold” rating and set a $48.00 target price on shares of Bank Ozk in a research note on Thursday, August 23rd. Zacks Investment Research downgraded shares of Bank Ozk from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Finally, ValuEngine downgraded shares of Bank Ozk from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.13.

A number of large investors have recently made changes to their positions in OZK. Oregon Public Employees Retirement Fund acquired a new stake in Bank Ozk during the 2nd quarter valued at $2,139,000. Public Employees Retirement System of Ohio purchased a new position in shares of Bank Ozk during the 2nd quarter valued at $1,932,000. BKD Wealth Advisors LLC purchased a new position in shares of Bank Ozk during the 3rd quarter valued at $304,000. State of Alaska Department of Revenue purchased a new position in shares of Bank Ozk during the 3rd quarter valued at $479,000. Finally, Bank of Montreal Can purchased a new position in shares of Bank Ozk during the 3rd quarter valued at $434,000. 87.23% of the stock is currently owned by institutional investors.

Shares of NASDAQ OZK traded up $0.54 during trading on Friday, hitting $25.40. The company had a trading volume of 3,100,300 shares, compared to its average volume of 1,192,560. The stock has a market capitalization of $3.26 billion, a P/E ratio of 8.58, a P/E/G ratio of 0.60 and a beta of 1.20. Bank Ozk has a 52 week low of $24.15 and a 52 week high of $53.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.95 and a current ratio of 0.95.

The company also recently announced a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 12th were paid a dividend of $0.21 per share. This is an increase from Bank Ozk’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.31%. The ex-dividend date was Thursday, October 11th. Bank Ozk’s payout ratio is 28.38%.

Bank Ozk Company Profile

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.

Featured Article: Treasury Bonds

Get a free copy of the Zacks research report on Bank Ozk (OZK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Bank Ozk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Ozk and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply