Analysts predict OZK Bank (NASDAQ: OZK) to post quarterly sales of $ 263.73 million
Brokerages expect OZK Bank (NASDAQ: OZK) to report revenue of $ 263.73 million for the current fiscal quarter, reports Zacks Investment Research. Four analysts have released earnings estimates for Bank OZK. The highest sales estimate is $ 265.80 million and the lowest is $ 259.80 million. OZK Bank recorded sales of $ 251.33 million in the same quarter of last year, which would indicate a positive growth rate of 4.9% year-over-year. The company is expected to announce its next quarterly results on Thursday, October 28.
Zacks says analysts expect Bank OZK to report annual revenue of $ 1.06 billion for the current fiscal year, with estimates ranging from $ 1.05 billion to $ 1.07 billion of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 1.08 billion, with estimates ranging from $ 1.06 billion to $ 1.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research companies that cover Bank OZK.
OZK Bank (NASDAQ: OZK) last released its quarterly results on Wednesday, July 21. The company reported earnings per share of $ 1.16 for the quarter, beating the consensus estimate of $ 0.92 by $ 0.24. The company posted revenue of $ 268.49 million in the quarter, compared to analysts’ expectations of $ 259.35 million. OZK Bank had a net margin of 44.62% and return on equity of 12.08%. The company’s quarterly revenue increased 11.9% year-over-year. During the same period last year, the company made EPS of $ 0.39.
Several equity research analysts recently commented on the company. Morgan Stanley increased its price target on Bank OZK from $ 50.00 to $ 53.00 and gave the company an “equal weight” rating in a report released on Monday, August 2. Wells Fargo & Company downgraded Bank OZK from an “equal weight” rating to an “overweight” rating and increased its price target for the company from $ 45 to $ 55 in a report released on Friday, June 4. Two research analysts rated the stock with a conservation rating and two gave the stock a buy rating. According to MarketBeat.com, Bank OZK has an average rating of “Buy” and an average price target of $ 45.29.
A number of institutional investors have recently changed their positions in OZK. Van ECK Associates Corp acquired a new stake in Bank OZK during the 1st quarter for a value of $ 26,000. Eaton Vance Management acquired a new equity stake in Bank OZK during the first quarter valued at $ 29,000. 1832 Asset Management LP increased its holdings of OZK Bank shares by 346.9% in the second quarter. 1832 Asset Management LP now owns 715 shares of the company valued at $ 30,000 after purchasing an additional 555 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in OZK Bank shares during the first quarter for a value of $ 43,000. Finally, Wolverine Asset Management LLC acquired a new equity stake in Bank OZK during the first quarter valued at $ 74,000. 81.19% of the shares are held by institutional investors and hedge funds.
OZK shares opened at $ 42.31 on Friday. The stock has a market cap of $ 5.47 billion, a P / E ratio of 10.40 and a beta of 1.82. OZK Bank has a twelve month minimum of $ 20.10 and a twelve month maximum of $ 45.83. The company has a 50-day moving average of $ 41.56 and a 200-day moving average of $ 41.75. The company has a quick ratio of 0.93, a current ratio of 0.93, and a debt ratio of 0.24.
The company also recently declared a quarterly dividend, which was paid on Monday, July 19. Shareholders of record on Monday July 12 received a dividend of $ 0.285 per share. This is an increase from OZK Bank’s previous quarterly dividend of $ 0.28. The ex-dividend date of this dividend was Friday July 9. This represents an annualized dividend of $ 1.14 and a return of 2.69%. Bank OZK’s dividend payout ratio (DPR) is currently 50.44%.
Company profile OZK Bank
Bank OZK engages in the provision of community banking services. The company offers deposit services such as checks, savings, money market, term deposit and individual retirement accounts. It also provides lending services including types of real estate, consumer, commercial, industrial and agricultural loans.
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