Equities analysts expect Bank OZK (NASDAQ:OZK) to post $273.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Bank OZK’s earnings, with the highest sales estimate coming in at $276.20 million and the lowest estimate coming in at $270.90 million. Bank OZK posted sales of $266.26 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.5%. The business is expected to report its next quarterly earnings results on Thursday, January 20th.
According to Zacks, analysts expect that Bank OZK will report full-year sales of $1.08 billion for the current year, with estimates ranging from $1.07 billion to $1.09 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.09 billion, with estimates ranging from $1.08 billion to $1.11 billion. Zacks’ 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 issued its quarterly earnings data on Wednesday, October 20th. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. Bank OZK had a net margin of 46.64% and a return on equity of 12.31%. During the same quarter in the previous year, the business posted $0.84 earnings per share.
Shares of OZK opened at $47.67 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.98 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $44.84 and a 200-day simple moving average of $42.97. Bank OZK has a 1-year low of $27.74 and a 1-year high of $48.15. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 11.27 and a beta of 1.74.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 22nd. Investors of record on Friday, October 15th were issued a dividend of $0.29 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, October 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.43%. Bank OZK’s payout ratio is presently 27.42%.
A number of hedge funds have recently modified their holdings of OZK. Nuveen Asset Management LLC lifted its holdings in Bank OZK by 0.8% in the 1st quarter. Nuveen Asset Management LLC now owns 417,768 shares of the company’s stock worth $17,066,000 after buying an additional 3,361 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Bank OZK by 155.7% in the 1st quarter. Captrust Financial Advisors now owns 4,707 shares of the company’s stock valued at $192,000 after purchasing an additional 2,866 shares in the last quarter. Tudor Investment Corp Et Al raised its stake in shares of Bank OZK by 157.2% in the 1st quarter. Tudor Investment Corp Et Al now owns 40,204 shares of the company’s stock valued at $1,642,000 after purchasing an additional 24,571 shares in the last quarter. Morgan Stanley raised its stake in shares of Bank OZK by 26.8% in the 1st quarter. Morgan Stanley now owns 332,398 shares of the company’s stock valued at $13,578,000 after purchasing an additional 70,226 shares in the last quarter. Finally, Eaton Vance Management acquired a new stake in shares of Bank OZK in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 81.20% of the company’s stock.
About Bank OZK
Bank OZK engages in the provision of community banking services. The firm offers deposit services such as checking, savings, money market, time deposit, and individual retirement accounts. It also provides loan services including types of real estate, consumer, commercial, industrial, and agricultural loans.
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