Bank Ozk (NASDAQ:OZK) – Stock analysts at Piper Jaffray Companies issued their FY2018 earnings estimates for shares of Bank Ozk in a research note issued on Tuesday, December 4th. Piper Jaffray Companies analyst M. Breese anticipates that the company will earn $3.17 per share for the year. Piper Jaffray Companies has a “Neutral” rating and a $31.00 price target on the stock. Piper Jaffray Companies also issued estimates for Bank Ozk’s Q4 2018 earnings at $0.82 EPS, Q1 2019 earnings at $0.76 EPS, Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.79 EPS, Q4 2019 earnings at $0.82 EPS, FY2019 earnings at $3.14 EPS, Q1 2020 earnings at $0.78 EPS, Q2 2020 earnings at $0.83 EPS, Q3 2020 earnings at $0.86 EPS and FY2020 earnings at $3.38 EPS.
Several other equities research analysts have also commented on OZK. ValuEngine lowered Bank Ozk from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 13th. Brean Capital restated a “buy” rating on shares of Bank Ozk in a research note on Monday, August 27th. TheStreet lowered Bank Ozk from a “b-” rating to a “c+” rating in a research note on Friday, October 12th. Wells Fargo & Co reduced their price objective on Bank Ozk from $40.00 to $33.00 and set a “market perform” rating for the company in a research note on Monday, October 22nd. Finally, Stephens restated a “hold” rating and issued a $48.00 price objective on shares of Bank Ozk in a research note on Thursday, August 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $32.44.
Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, October 18th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.32). The company had revenue of $244.74 million during the quarter, compared to analysts’ expectations of $258.05 million. Bank Ozk had a return on equity of 11.17% and a net margin of 38.37%. During the same quarter last year, the company earned $0.75 earnings per share.
A number of hedge funds have recently modified their holdings of OZK. Vanguard Group Inc. purchased a new stake in Bank Ozk in the 3rd quarter worth $445,842,000. BlackRock Inc. purchased a new stake in Bank Ozk in the 3rd quarter worth $411,309,000. FMR LLC purchased a new stake in Bank Ozk in the 3rd quarter worth $227,092,000. Epoch Investment Partners Inc. bought a new position in shares of Bank Ozk during the 3rd quarter valued at about $168,824,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Bank Ozk during the 3rd quarter valued at about $128,579,000. Institutional investors and hedge funds own 88.14% of the company’s stock.
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.
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