Zacks Research Has Bearish Forecast for Bank OZK Q3 Earnings

Bank OZK (NASDAQ:OZK) – Equities research analysts at Zacks Research dropped their Q3 2028 earnings estimates for Bank OZK in a report issued on Monday, September 28th. Zacks Research analyst Team now anticipates that the company will earn $1.96 per share for the quarter, down from their prior estimate of $1.97. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Bank OZK’s current full-year earnings is $5.82 per share.

OZK has been the topic of several other reports. Wall Street Zen upgraded Bank OZK from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. TD Cowen decreased their price objective on Bank OZK from $53.00 to $52.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Wells Fargo & Company lowered their price objective on Bank OZK from $56.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank OZK in a research note on Friday, September 18th. Finally, Piper Sandler reissued an “overweight” rating and issued a $61.00 target price on shares of Bank OZK in a report on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $54.86.

Bank OZK Trading Up 0.8%

NASDAQ:OZK opened at $46.34 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 7.66 and a beta of 0.92. Bank OZK has a one year low of $42.37 and a one year high of $53.39. The business has a fifty day moving average price of $49.54 and a 200-day moving average price of $48.88.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.01. The business had revenue of $430.02 million for the quarter, compared to the consensus estimate of $436.42 million. Bank OZK had a net margin of 24.95% and a return on equity of 11.87%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $1.47 earnings per share.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 13th will be given a $0.49 dividend. The ex-dividend date is Tuesday, October 13th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a dividend yield of 4.2%. Bank OZK’s dividend payout ratio (DPR) is presently 31.74%.

Bank OZK declared that its Board of Directors has authorized a share buyback program on Monday, June 29th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to buy up to 3.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Bank OZK

Institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc lifted its holdings in Bank OZK by 10.8% in the 3rd quarter. Versant Capital Management Inc now owns 8,065 shares of the company’s stock worth $371,000 after purchasing an additional 787 shares in the last quarter. Parrish Capital LLC raised its position in shares of Bank OZK by 3.4% during the third quarter. Parrish Capital LLC now owns 24,730 shares of the company’s stock valued at $1,137,000 after buying an additional 814 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Bank OZK in the second quarter worth $220,000. Tidal Investments LLC lifted its holdings in shares of Bank OZK by 5.0% in the second quarter. Tidal Investments LLC now owns 17,315 shares of the company’s stock worth $902,000 after buying an additional 825 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Bank OZK during the second quarter worth $4,293,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Company Profile

Bank OZK (NASDAQ:OZK) is a regional financial institution headquartered in Little Rock, Arkansas. The bank provides banking and financial services to individuals, businesses and institutions through a network of branches and digital banking channels.

Its products and services include checking and savings accounts, certificates of deposit, consumer and commercial loans, residential mortgages, treasury management, online and mobile banking, and wealth management. Bank OZK also provides specialized lending through its Real Estate Specialties Group, which focuses on commercial real estate financing for projects in markets across the United States.

The company traces its origins to 1903, when it was founded as a community bank in Jasper, Arkansas.