$249.48 Million in Sales Expected for Bank Ozk (OZK) This Quarter

Wall Street analysts expect Bank Ozk (NASDAQ:OZK) to report $249.48 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Bank Ozk’s earnings. The highest sales estimate is $256.20 million and the lowest is $240.00 million. Bank Ozk reported sales of $246.48 million in the same quarter last year, which indicates a positive year over year growth rate of 1.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, April 11th.

According to Zacks, analysts expect that Bank Ozk will report full year sales of $1.03 billion for the current fiscal year, with estimates ranging from $1.01 billion to $1.05 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.10 billion, with estimates ranging from $1.07 billion to $1.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Bank Ozk.

Bank Ozk (NASDAQ:OZK) last released its earnings results on Thursday, January 17th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.06. Bank Ozk had a return on equity of 11.45% and a net margin of 34.51%. The firm had revenue of $255.94 million for the quarter, compared to analyst estimates of $246.08 million.

Several equities analysts have weighed in on OZK shares. Piper Jaffray Companies lowered Bank Ozk from an “overweight” rating to a “neutral” rating and cut their target price for the company from $52.00 to $31.00 in a research note on Tuesday, December 4th. Morgan Stanley cut their target price on Bank Ozk from $32.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 11th. Zacks Investment Research raised Bank Ozk from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 19th. Barclays raised Bank Ozk from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $27.00 to $28.00 in a research note on Thursday, January 10th. Finally, Stephens reissued a “hold” rating and issued a $26.00 target price on shares of Bank Ozk in a research note on Thursday, January 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. Bank Ozk presently has a consensus rating of “Hold” and a consensus price target of $31.82.

NASDAQ:OZK traded down $0.02 during mid-day trading on Friday, hitting $31.23. The company had a trading volume of 3,754,349 shares, compared to its average volume of 1,341,730. Bank Ozk has a fifty-two week low of $21.02 and a fifty-two week high of $52.54. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 0.74 and a beta of 1.94.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its position in shares of Bank Ozk by 40.4% during the fourth quarter. Proficio Capital Partners LLC now owns 1,572 shares of the company’s stock worth $36,000 after purchasing an additional 452 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Bank Ozk by 17.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,722 shares of the company’s stock worth $85,000 after buying an additional 557 shares in the last quarter. American International Group Inc. grew its holdings in shares of Bank Ozk by 0.3% during the fourth quarter. American International Group Inc. now owns 246,406 shares of the company’s stock worth $5,625,000 after buying an additional 665 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Bank Ozk by 1.1% during the fourth quarter. Arizona State Retirement System now owns 86,764 shares of the company’s stock worth $1,981,000 after buying an additional 930 shares in the last quarter. Finally, Financial Architects Inc grew its holdings in shares of Bank Ozk by 250.0% during the fourth quarter. Financial Architects Inc now owns 1,400 shares of the company’s stock worth $32,000 after buying an additional 1,000 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

About Bank Ozk

Bank OZK provides 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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