Bank OZK (NASDAQ:OZK - Free Report ) - Analysts at Zacks Research raised their Q2 2024 earnings per share (EPS) estimates for shares of Bank OZK in a research report issued on Wednesday, May 8th. Zacks Research analyst R. Department now forecasts that the company will earn $1.44 per share for the quarter, up from their prior estimate of $1.40. The consensus estimate for Bank OZK's current full-year earnings is $6.04 per share. Zacks Research also issued estimates for Bank OZK's Q3 2024 earnings at $1.49 EPS, Q4 2024 earnings at $1.47 EPS, FY2024 earnings at $5.92 EPS, Q1 2025 earnings at $1.49 EPS, Q2 2025 earnings at $1.50 EPS, Q3 2025 earnings at $1.54 EPS, Q4 2025 earnings at $1.54 EPS, FY2025 earnings at $6.07 EPS, Q1 2026 earnings at $1.53 EPS and FY2026 earnings at $6.16 EPS.
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Bank OZK (NASDAQ:OZK - Get Free Report ) last announced its earnings results on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.07. The firm had revenue of $406.02 million during the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same quarter in the previous year, the company posted $1.41 EPS.
Several other equities research analysts have also recently issued reports on OZK. Keefe, Bruyette & Woods raised their price objective on Bank OZK from $45.00 to $47.00 and gave the stock a "market perform" rating in a report on Monday, April 22nd. Truist Financial decreased their target price on shares of Bank OZK from $48.00 to $47.00 and set a "hold" rating on the stock in a research report on Monday, April 22nd. StockNews.com lowered shares of Bank OZK from a "hold" rating to a "sell" rating in a research report on Friday, March 22nd. Citigroup lowered their price objective on shares of Bank OZK from $62.00 to $57.00 and set a "buy" rating for the company in a research note on Wednesday, March 13th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $48.00 target price on shares of Bank OZK in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Bank OZK currently has a consensus rating of "Hold" and a consensus price target of $49.14.
Check Out Our Latest Research Report on Bank OZK
Bank OZK Trading Up 0.6 % Shares of OZK traded up $0.29 on Friday, hitting $47.78. 577,500 shares of the stock traded hands, compared to its average volume of 1,171,367. The firm has a market capitalization of $5.41 billion, a P/E ratio of 7.98 and a beta of 1.24. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. Bank OZK has a 1 year low of $30.72 and a 1 year high of $52.36. The stock's 50 day moving average is $44.44 and its two-hundred day moving average is $44.17.
Bank OZK Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were given a $0.39 dividend. This is an increase from Bank OZK's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.56 annualized dividend and a yield of 3.26%. Bank OZK's dividend payout ratio (DPR) is 26.13%.
Institutional Trading of Bank OZK Hedge funds have recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in Bank OZK during the 4th quarter worth $31,000. Bare Financial Services Inc bought a new position in Bank OZK during the 4th quarter worth approximately $36,000. SRS Capital Advisors Inc. boosted its holdings in Bank OZK by 303.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 929 shares of the company's stock worth $46,000 after purchasing an additional 699 shares during the period. Fifth Third Bancorp raised its holdings in shares of Bank OZK by 25.5% during the third quarter. Fifth Third Bancorp now owns 1,487 shares of the company's stock worth $55,000 after purchasing an additional 302 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Bank OZK by 601.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company's stock worth $69,000 after buying an additional 1,202 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company's stock.
Bank OZK Company Profile (
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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.
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