Zacks Research Forecasts Stronger Earnings for Bank OZK

Bank OZK (NASDAQ:OZK - Free Report) - Analysts at Zacks Research raised their FY2027 earnings per share (EPS) estimates for Bank OZK in a research note issued to investors on Wednesday, April 2nd. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $6.97 for the year, up from their prior estimate of $6.96. The consensus estimate for Bank OZK's current full-year earnings is $6.02 per share.

Other equities research analysts have also recently issued reports about the company. Stephens lifted their target price on Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Wells Fargo & Company lowered their price objective on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research report on Wednesday. Morgan Stanley dropped their price objective on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, UBS Group initiated coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $49.38.

Bank OZK Price Performance

Shares of Bank OZK stock traded up $0.34 during midday trading on Monday, reaching $37.97. The company had a trading volume of 2,062,135 shares, compared to its average volume of 1,319,305. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $45.58 and a 200 day simple moving average of $45.90. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 6.18 and a beta of 1.05.

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Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The firm had revenue of $412.34 million during the quarter, compared to analysts' expectations of $407.19 million. During the same quarter last year, the company posted $1.50 EPS. The company's quarterly revenue was up 1.2% compared to the same quarter last year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 14th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.53%. This is an increase from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, April 14th. Bank OZK's dividend payout ratio (DPR) is currently 28.01%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OZK. State Street Corp boosted its position in shares of Bank OZK by 7.3% during the third quarter. State Street Corp now owns 7,106,907 shares of the company's stock worth $305,526,000 after purchasing an additional 485,172 shares in the last quarter. Wasatch Advisors LP raised its stake in Bank OZK by 19.3% during the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock worth $316,281,000 after buying an additional 1,149,880 shares during the period. Wellington Management Group LLP lifted its holdings in Bank OZK by 32.7% during the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company's stock worth $181,566,000 after acquiring an additional 1,041,198 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Bank OZK by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company's stock valued at $183,909,000 after acquiring an additional 188,575 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Bank OZK by 30.4% in the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock worth $131,162,000 after acquiring an additional 686,775 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Company Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.