Zacks Research Estimates Bank OZK's Q1 Earnings (NASDAQ:OZK)

Key Points

• Zacks Research lowered its Q1 2027 EPS estimate for Bank OZK to $1.44 from $1.47 and maintains a “Strong Sell” rating. Its full-year 2027 and 2028 EPS estimates are $6.09 and $7.32, respectively.
• Bank OZK’s latest quarter modestly beat expectations, reporting $1.49 EPS versus the $1.48 consensus, although revenue of $430.02 million fell short of estimates and increased just 0.5% year over year.
• The bank raised its quarterly dividend to $0.48, implying a 4.0% yield, and authorized a $200 million share-buyback program covering up to 3.4% of outstanding shares.

Bank OZK (NASDAQ:OZK - Free Report) - Analysts at Zacks Research dropped their Q1 2027 earnings estimates for Bank OZK in a report issued on Wednesday, September 16th. Zacks Research analyst Team now expects that the company will earn $1.44 per share for the quarter, down from their prior forecast of $1.47. Zacks Research has a "Strong Sell" rating on the stock. The consensus estimate for Bank OZK's current full-year earnings is $5.83 per share. Zacks Research also issued estimates for Bank OZK's Q2 2027 earnings at $1.48 EPS, Q4 2027 earnings at $1.55 EPS, FY2027 earnings at $6.09 EPS, Q2 2028 earnings at $1.74 EPS and FY2028 earnings at $7.32 EPS.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.01. The business had revenue of $430.02 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 EPS.

Several other research analysts have also recently issued reports on the company. Citigroup reissued a "sell" rating on shares of Bank OZK in a research report on Monday, August 17th. Piper Sandler reissued an "overweight" rating and issued a $61.00 price objective on shares of Bank OZK in a report on Wednesday, July 22nd. Raymond James Financial began coverage on shares of Bank OZK in a research report on Tuesday, September 1st. They set a "market perform" rating for the company. Weiss Ratings upgraded shares of Bank OZK from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley lowered Bank OZK from an "equal weight" rating to an "underweight" rating and set a $56.00 price objective for the company. in a research note on Tuesday, September 8th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $56.88.

Bank OZK Stock Performance

Shares of OZK opened at $47.99 on Thursday. The firm has a market capitalization of $5.37 billion, a P/E ratio of 7.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. Bank OZK has a one year low of $42.37 and a one year high of $53.41. The business has a fifty day moving average of $50.47 and a 200 day moving average of $48.77.

Hedge Funds Weigh In On Bank OZK

Large investors have recently made changes to their positions in the business. Bank of America Corp DE raised its position in shares of Bank OZK by 33.0% during the 1st quarter. Bank of America Corp DE now owns 774,253 shares of the company's stock valued at $35,530,000 after buying an additional 192,237 shares in the last quarter. Fifth Third Bancorp grew its position in Bank OZK by 2,971.0% in the first quarter. Fifth Third Bancorp now owns 33,627 shares of the company's stock worth $1,543,000 after acquiring an additional 32,532 shares in the last quarter. California Public Employees Retirement System increased its stake in Bank OZK by 11.8% during the first quarter. California Public Employees Retirement System now owns 231,654 shares of the company's stock worth $10,631,000 after acquiring an additional 24,485 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Bank OZK during the second quarter valued at approximately $63,410,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Bank OZK during the second quarter valued at approximately $1,640,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 13th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Bank OZK's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, July 13th. Bank OZK's dividend payout ratio is currently 31.74%.

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

Bank OZK Company Profile

Bank OZK is a regional financial institution headquartered in Little Rock, Arkansas. The company provides banking services to individuals, businesses and institutions through a network of banking offices concentrated in the Southeastern United States and select markets, including New York and California.

Its products and services include checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, commercial and industrial financing, treasury management and other business banking solutions.

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