Analysts Expect Bank of the Ozarks (OZRK) Will Post Earnings of $0.90 Per Share

Wall Street analysts expect Bank of the Ozarks (NASDAQ:OZRK) to post earnings per share (EPS) of $0.90 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Bank of the Ozarks’ earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $0.92. Bank of the Ozarks posted earnings per share of $0.73 during the same quarter last year, which indicates a positive year-over-year growth rate of 23.3%. The company is expected to issue its next quarterly earnings report on Wednesday, July 11th.

On average, analysts expect that Bank of the Ozarks will report full year earnings of $3.69 per share for the current financial year, with EPS estimates ranging from $3.58 to $3.74. For the next fiscal year, analysts forecast that the company will post earnings of $4.32 per share, with EPS estimates ranging from $4.28 to $4.37. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Bank of the Ozarks.

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Bank of the Ozarks (NASDAQ:OZRK) last announced its earnings results on Thursday, April 12th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03. The business had revenue of $246.48 million for the quarter, compared to analysts’ expectations of $246.11 million. Bank of the Ozarks had a return on equity of 11.65% and a net margin of 40.54%. During the same quarter last year, the firm earned $0.73 EPS.

Several analysts have recently commented on the company. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Monday. Brean Capital set a $64.00 price objective on Bank of the Ozarks and gave the company a “buy” rating in a report on Friday, April 13th. Barclays decreased their price objective on Bank of the Ozarks from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, April 11th. BidaskClub lowered Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Finally, UBS assumed coverage on Bank of the Ozarks in a report on Thursday, March 22nd. They set a “sell” rating and a $45.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Bank of the Ozarks has an average rating of “Hold” and an average price target of $54.60.

Shares of OZRK opened at $46.82 on Tuesday. Bank of the Ozarks has a 12 month low of $40.15 and a 12 month high of $53.70. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.10. The firm has a market cap of $5,925.76, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.04 and a beta of 1.33.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, April 13th will be paid a $0.195 dividend. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.78 dividend on an annualized basis and a yield of 1.67%. Bank of the Ozarks’s dividend payout ratio (DPR) is 26.35%.

A number of hedge funds have recently modified their holdings of the stock. Scotia Capital Inc. raised its stake in Bank of the Ozarks by 12.4% in the 4th quarter. Scotia Capital Inc. now owns 10,419 shares of the financial services provider’s stock worth $505,000 after acquiring an additional 1,150 shares during the last quarter. Amalgamated Bank raised its stake in Bank of the Ozarks by 5.8% in the 4th quarter. Amalgamated Bank now owns 24,796 shares of the financial services provider’s stock worth $1,201,000 after acquiring an additional 1,357 shares during the last quarter. Randolph Co Inc raised its stake in Bank of the Ozarks by 0.9% in the 4th quarter. Randolph Co Inc now owns 175,625 shares of the financial services provider’s stock worth $8,509,000 after acquiring an additional 1,650 shares during the last quarter. MML Investors Services LLC raised its stake in Bank of the Ozarks by 23.8% in the 4th quarter. MML Investors Services LLC now owns 8,643 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 1,660 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in Bank of the Ozarks by 19.9% in the 4th quarter. Advisor Group Inc. now owns 10,202 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 1,690 shares during the last quarter. Institutional investors own 88.68% of the company’s stock.

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Bank of the Ozarks Company Profile

Bank of the Ozarks 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 of the Ozarks (NASDAQ:OZRK)

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