Q2 Earnings Estimate for Bank OZK Issued By Zacks Research

Key Points

• Zacks Research cut Bank OZK’s Q2 2028 EPS estimate to $2.01 from $2.03 and maintains a “Strong Sell” rating; its FY2028 estimate is $7.78 per share.
• Bank OZK’s latest quarterly results slightly exceeded expectations, with EPS of $1.49 versus $1.48 expected, although revenue of $430.02 million fell short of the $436.42 million estimate.
• The bank raised its quarterly dividend to $0.48 per share, yielding about 3.8%, and approved a $200 million share-repurchase program covering up to 3.4% of outstanding shares.

Bank OZK (NASDAQ:OZK - Free Report) - Equities researchers at Zacks Research dropped their Q2 2028 EPS estimates for Bank OZK in a note issued to investors on Friday, August 14th. Zacks Research analyst Team now expects that the company will post earnings per share of $2.01 for the quarter, down from their previous forecast of $2.03. Zacks Research has a "Strong Sell" rating on the stock. The consensus estimate for Bank OZK's current full-year earnings is $5.85 per share. Zacks Research also issued estimates for Bank OZK's FY2028 earnings at $7.78 EPS.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its earnings results on Tuesday, July 21st. The company reported $1.49 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 company's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.47 earnings per share.

Several other research firms also recently weighed in on OZK. Piper Sandler restated an "overweight" rating and issued a $61.00 target price on shares of Bank OZK in a research report on Wednesday, July 22nd. Citigroup reissued a "sell" rating on shares of Bank OZK in a research note on Monday. UBS Group lifted their target price on shares of Bank OZK from $50.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 28th. TD Cowen reduced their target price on shares of Bank OZK from $53.00 to $52.00 and set a "hold" rating for the company in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Bank OZK from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $56.88.

Bank OZK Trading Down 2.6%

OZK stock opened at $51.11 on Tuesday. Bank OZK has a 12-month low of $42.37 and a 12-month high of $53.66. The business's 50-day moving average is $51.06 and its 200 day moving average is $48.75. The company has a current ratio of 0.97, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 8.45 and a beta of 0.89.

Hedge Funds Weigh In On Bank OZK

A number of institutional investors have recently bought and sold shares of OZK. Wasatch Advisors LP increased its holdings in shares of Bank OZK by 34.9% during the 3rd quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company's stock worth $379,171,000 after buying an additional 1,924,387 shares during the last quarter. Norges Bank purchased a new position in Bank OZK in the fourth quarter worth approximately $59,809,000. Bank of New York Mellon Corp purchased a new position in Bank OZK in the second quarter worth approximately $63,410,000. State Street Corp increased its stake in Bank OZK by 9.1% during the fourth quarter. State Street Corp now owns 6,556,105 shares of the company's stock worth $301,712,000 after acquiring an additional 546,785 shares during the last quarter. Finally, Fairholme Capital Management LLC raised its position in Bank OZK by 45.1% in the second quarter. Fairholme Capital Management LLC now owns 916,752 shares of the company's stock valued at $43,142,000 after purchasing an additional 285,150 shares during the period. 86.18% of the stock is 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. Investors of record on Monday, July 13th were issued a $0.48 dividend. This is an increase from Bank OZK's previous quarterly dividend of $0.47. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, July 13th. Bank OZK's payout ratio is currently 31.74%.

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

About Bank OZK

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank's core operations focus on commercial real estate lending, including acquisition, development and construction financing.

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