Equities analysts expect Bank Ozk (NASDAQ:OZK) to report sales of $250.51 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Bank Ozk’s earnings, with estimates ranging from $247.00 million to $254.80 million. Bank Ozk reported sales of $244.74 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.4%. The company is expected to issue its next earnings report on Thursday, October 17th.
On average, analysts expect that Bank Ozk will report full-year sales of $1.00 billion for the current fiscal year, with estimates ranging from $997.30 million to $1.01 billion. For the next financial year, analysts forecast that the firm will report sales of $1.02 billion, with estimates ranging from $1.00 billion to $1.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Bank Ozk.
Bank Ozk (NASDAQ:OZK) last released its quarterly earnings data on Thursday, July 18th. The company reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.01). Bank Ozk had a return on equity of 10.72% and a net margin of 32.47%. The company had revenue of $251.14 million during the quarter, compared to analysts’ expectations of $253.45 million.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Bank Ozk by 0.5% in the second quarter. BlackRock Inc. now owns 11,222,956 shares of the company’s stock worth $337,699,000 after purchasing an additional 55,669 shares during the period. Vanguard Group Inc. boosted its holdings in Bank Ozk by 2.2% during the second quarter. Vanguard Group Inc. now owns 11,117,509 shares of the company’s stock worth $334,525,000 after buying an additional 239,788 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Bank Ozk by 11.0% during the first quarter. Principal Financial Group Inc. now owns 4,824,914 shares of the company’s stock worth $139,830,000 after buying an additional 477,434 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Bank Ozk by 2.1% during the first quarter. Neuberger Berman Group LLC now owns 3,332,682 shares of the company’s stock worth $96,581,000 after buying an additional 69,335 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Bank Ozk by 49.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,833,994 shares of the company’s stock worth $64,699,000 after buying an additional 932,303 shares during the last quarter. 83.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of OZK traded up $0.72 during mid-day trading on Thursday, reaching $25.74. The company had a trading volume of 835,700 shares, compared to its average volume of 937,510. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.99. The firm has a 50-day moving average price of $28.93 and a 200 day moving average price of $30.58. Bank Ozk has a 52 week low of $21.02 and a 52 week high of $41.73. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.62 and a beta of 1.84.
The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 12th were paid a dividend of $0.24 per share. This is a boost from Bank Ozk’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, July 11th. Bank Ozk’s dividend payout ratio (DPR) is currently 29.63%.
About Bank Ozk
Bank OZK provides 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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