Wall Street analysts expect Bank OZK (NASDAQ:OZK) to report sales of $263.75 million for the current quarter, according to Zacks. Four analysts have issued estimates for Bank OZK’s earnings, with estimates ranging from $259.80 million to $265.80 million. Bank OZK posted sales of $251.33 million during the same quarter last year, which suggests a positive year over year growth rate of 4.9%. The company is expected to announce its next earnings report on Thursday, October 28th.
On average, analysts expect that Bank OZK will report full year sales of $1.06 billion for the current fiscal year, with estimates ranging from $1.05 billion to $1.07 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.08 billion, with estimates ranging from $1.06 billion to $1.10 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Bank OZK.
Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Wednesday, July 21st. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.92 by $0.24. Bank OZK had a return on equity of 12.08% and a net margin of 44.62%. The business had revenue of $268.49 million for the quarter, compared to analyst estimates of $259.35 million. During the same quarter in the previous year, the firm earned $0.39 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OZK. Van ECK Associates Corp acquired a new position in Bank OZK in the 1st quarter valued at about $26,000. Eaton Vance Management acquired a new position in Bank OZK in the 1st quarter valued at about $29,000. 1832 Asset Management L.P. grew its position in Bank OZK by 346.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 715 shares of the company’s stock valued at $30,000 after acquiring an additional 555 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Bank OZK in the 1st quarter valued at about $43,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Bank OZK during the first quarter worth about $74,000. 81.19% of the stock is owned by institutional investors.
Shares of NASDAQ OZK traded down $0.43 during trading on Tuesday, hitting $40.92. 606,117 shares of the company were exchanged, compared to its average volume of 728,647. Bank OZK has a 12-month low of $20.10 and a 12-month high of $45.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The company has a fifty day moving average price of $41.64 and a 200-day moving average price of $41.84. The firm has a market capitalization of $5.29 billion, a PE ratio of 10.05 and a beta of 1.82.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 19th. Investors of record on Monday, July 12th were issued a $0.285 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.79%. The ex-dividend date was Friday, July 9th. Bank OZK’s payout ratio is 50.44%.
Bank OZK Company Profile
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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