Equities research analysts expect Bank Ozk (NASDAQ:OZK) to announce $258.05 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Bank Ozk’s earnings, with the highest sales estimate coming in at $259.30 million and the lowest estimate coming in at $256.40 million. Bank Ozk reported sales of $242.47 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The company is scheduled to announce its next earnings report after the market closes on Thursday, October 18th.

On average, analysts expect that Bank Ozk will report full-year sales of $1.02 billion for the current fiscal year, with estimates ranging from $1.02 billion to $1.03 billion. For the next financial year, analysts expect that the company will post sales of $1.13 billion, with estimates ranging from $1.11 billion to $1.13 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Bank Ozk.

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). Bank Ozk had a return on equity of 12.05% and a net margin of 41.20%. During the same quarter in the prior year, the business posted $0.75 EPS.

OZK has been the topic of several analyst reports. TheStreet downgraded shares of Bank Ozk from a “b-” rating to a “c+” rating in a research note on Friday, October 12th. ValuEngine downgraded shares of Bank Ozk from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 13th. Brean Capital reiterated a “buy” rating on shares of Bank Ozk in a research note on Monday, August 27th. Stephens reiterated a “hold” rating and issued a $48.00 target price on shares of Bank Ozk in a research note on Thursday, August 23rd. Finally, Zacks Investment Research upgraded shares of Bank Ozk from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $48.50.

NASDAQ:OZK opened at $34.85 on Friday. Bank Ozk has a one year low of $34.62 and a one year high of $53.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $4.87 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 0.87 and a beta of 1.20.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, October 12th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, October 11th. This is an increase from Bank Ozk’s previous quarterly dividend of $0.20. Bank Ozk’s dividend payout ratio is currently 28.38%.

Institutional investors have recently modified their holdings of the stock. First Citizens Bank & Trust Co. bought a new position in Bank Ozk during the third quarter valued at approximately $296,000. BKD Wealth Advisors LLC bought a new position in Bank Ozk during the third quarter valued at approximately $304,000. Raymond James Trust N.A. bought a new position in Bank Ozk during the third quarter valued at approximately $382,000. Osborn Williams & Donohoe LLC bought a new position in Bank Ozk during the third quarter valued at approximately $404,000. Finally, Bank of Montreal Can bought a new position in Bank Ozk during the third quarter valued at approximately $434,000. Institutional investors own 87.06% of the company’s stock.

About Bank Ozk

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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Earnings History and Estimates for Bank Ozk (NASDAQ:OZK)

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