Zacks Research Estimates Bank OZK's Q3 Earnings (NASDAQ:OZK)

Key Points

• Zacks Research lowered its Q3 EPS forecast for Bank OZK to $1.96 from $1.97 and maintained a “Hold” rating; analysts’ average rating is also “Hold,” with a $54.86 average price target.
• Bank OZK recently reported quarterly EPS of $1.49, slightly exceeding expectations, while revenue of $430.02 million fell short of estimates. The stock was trading at $46.34, with a market capitalization of approximately $5.18 billion.
• The bank authorized a $200 million share repurchase program and raised its quarterly dividend to $0.49, equivalent to a 4.2% annualized yield.

Bank OZK (NASDAQ:OZK - Free Report) - Equities researchers at Zacks Research cut their Q3 2028 earnings per share (EPS) estimates for Bank OZK in a research note issued to investors on Monday, September 28th. Zacks Research analyst Team now forecasts that the company will earn $1.96 per share for the quarter, down from their previous forecast 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.

A number of other equities analysts also recently weighed in on OZK. Morgan Stanley lifted their target price on shares of Bank OZK from $56.00 to $57.00 and gave the stock an "underweight" rating in a research note on Monday. UBS Group increased their price target on Bank OZK from $50.00 to $51.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. Wells Fargo & Company lowered their price objective on Bank OZK from $56.00 to $51.00 and set an "equal weight" rating for the company in a research report on Tuesday. Citigroup reissued a "sell" rating on shares of Bank OZK in a research note on Monday, August 17th. Finally, TD Cowen cut their target price on Bank OZK from $53.00 to $52.00 and set a "hold" rating on the stock in a research report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company 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. Bank OZK has a 52 week low of $42.37 and a 52 week high of $53.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. The firm's fifty day moving average is $49.54 and its 200-day moving average is $48.88. The firm has a market cap of $5.18 billion, a P/E ratio of 7.66 and a beta of 0.92.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.01. The firm 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 revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $1.47 EPS.

Bank OZK announced that its board has approved a share repurchase plan on Monday, June 29th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire up to 3.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are undervalued.

Bank OZK Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OZK. Northwestern Mutual Wealth Management Co. grew its position in Bank OZK by 2.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,305 shares of the company's stock worth $537,000 after purchasing an additional 212 shares during the period. Kera Capital Partners Inc. boosted its stake in shares of Bank OZK by 2.1% in the 4th quarter. Kera Capital Partners Inc. now owns 11,336 shares of the company's stock worth $539,000 after buying an additional 236 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Bank OZK by 36.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,582 shares of the company's stock worth $73,000 after buying an additional 424 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Bank OZK by 3.3% in the second quarter. Concurrent Investment Advisors LLC now owns 14,183 shares of the company's stock worth $739,000 after acquiring an additional 450 shares during the period. Finally, Sigma Planning Corp grew its holdings in shares of Bank OZK by 6.6% in the second quarter. Sigma Planning Corp now owns 7,671 shares of the company's stock worth $400,000 after acquiring an additional 472 shares during the period. 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.

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