Zacks Research Predicts Bank OZK's Q2 Earnings (NASDAQ:OZK)

Key Points

• Zacks Research lowered its Q2 2028 EPS estimate for Bank OZK to $1.73 from $1.74 and maintains a “Hold” rating. Analysts’ consensus rating is also “Hold,” with an average price target of $55.57.
• Bank OZK’s shares opened at $46.61, with a market capitalization of $5.21 billion and a price-to-earnings ratio of 7.70. In its latest quarter, the bank reported $1.49 EPS, slightly above expectations, while revenue rose 0.5% year over year but fell short of estimates.
• The bank increased its quarterly dividend to $0.48 per share, representing a 4.1% yield, and authorized a $200 million share-repurchase program covering up to 3.4% of outstanding shares.

Bank OZK (NASDAQ:OZK - Free Report) - Equities research analysts at Zacks Research decreased their Q2 2028 EPS estimates for shares of Bank OZK in a research note issued on Monday, September 28th. Zacks Research analyst Team now expects that the company will earn $1.73 per share for the quarter, down from their previous estimate of $1.74. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Bank OZK's current full-year earnings is $5.82 per share. Zacks Research also issued estimates for Bank OZK's FY2028 earnings at $7.29 EPS.

Several other analysts have also weighed in on the stock. TD Cowen dropped their price objective on shares of Bank OZK from $53.00 to $52.00 and set a "hold" rating for the company in a report on Friday, July 24th. Wells Fargo & Company boosted their target price on Bank OZK from $52.00 to $56.00 and gave the stock an "equal weight" rating in a report on Monday, August 10th. Citigroup restated a "sell" rating on shares of Bank OZK in a research report on Monday, August 17th. UBS Group raised their price target on Bank OZK from $50.00 to $51.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $61.00 price objective on shares of Bank OZK in a research report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $55.57.

Bank OZK Price Performance

Shares of Bank OZK stock opened at $46.61 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 7.70 and a beta of 0.88. Bank OZK has a 1-year low of $42.37 and a 1-year high of $53.39. The firm's 50-day moving average price is $49.81 and its two-hundred day moving average price is $48.83.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.01. The business had revenue of $430.02 million during the quarter, compared to analysts' expectations of $436.42 million. Bank OZK had a net margin of 24.95% and a return on equity of 11.87%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted $1.47 EPS.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 13th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.1%. 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 payout ratio is presently 31.74%.

Bank OZK declared that its Board of Directors has authorized a share repurchase program on Monday, June 29th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On Bank OZK

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OZK. IFP Advisors Inc boosted its holdings in Bank OZK by 1,307.5% during the second quarter. IFP Advisors Inc now owns 746 shares of the company's stock worth $39,000 after buying an additional 693 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Bank OZK in the fourth quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd increased its stake in Bank OZK by 218.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,365 shares of the company's stock valued at $63,000 after purchasing an additional 937 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Bank OZK by 36.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,582 shares of the company's stock worth $73,000 after purchasing an additional 424 shares during the period. Finally, Nykredit A S acquired a new stake in Bank OZK in the second quarter worth $97,000. Institutional investors own 86.18% of the company's stock.

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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