Bank Ozk (NASDAQ:OZK) – Research analysts at Piper Jaffray Companies issued their FY2018 earnings per share (EPS) estimates for shares of Bank Ozk in a report issued on Tuesday, December 4th. Piper Jaffray Companies analyst M. Breese expects that the company will earn $3.17 per share for the year. Piper Jaffray Companies currently has a “Neutral” rating and a $31.00 target price on the stock. Piper Jaffray Companies also issued estimates for Bank Ozk’s Q4 2018 earnings at $0.82 EPS, Q1 2019 earnings at $0.76 EPS, Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.79 EPS, Q4 2019 earnings at $0.82 EPS, FY2019 earnings at $3.14 EPS, Q1 2020 earnings at $0.78 EPS, Q2 2020 earnings at $0.83 EPS, Q3 2020 earnings at $0.86 EPS and FY2020 earnings at $3.38 EPS.
Other equities research analysts have also issued reports about the company. Brean Capital set a $54.00 price objective on Bank Ozk and gave the stock a “buy” rating in a research note on Friday, September 28th. Citigroup reduced their price objective on Bank Ozk from $59.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. TheStreet lowered Bank Ozk from a “b-” rating to a “c+” rating in a research note on Friday, October 12th. Morgan Stanley downgraded shares of Bank Ozk from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $52.00 to $32.00 in a report on Monday, October 22nd. Finally, Zacks Investment Research raised shares of Bank Ozk from a “sell” rating to a “hold” rating in a report on Monday, September 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Bank Ozk currently has an average rating of “Hold” and a consensus target price of $32.44.
Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, October 18th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.32). The company had revenue of $244.74 million during the quarter, compared to analysts’ expectations of $258.05 million. Bank Ozk had a return on equity of 11.17% and a net margin of 38.37%. During the same quarter last year, the company earned $0.75 earnings per share.
A number of institutional investors have recently modified their holdings of OZK. Benjamin F. Edwards & Company Inc. bought a new position in shares of Bank Ozk during the 3rd quarter valued at about $120,000. Paradigm Asset Management Co. LLC bought a new position in shares of Bank Ozk during the 3rd quarter valued at about $121,000. Twin Tree Management LP bought a new position in shares of Bank Ozk during the 3rd quarter valued at about $141,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Bank Ozk during the 3rd quarter valued at about $199,000. Finally, US Bancorp DE bought a new position in shares of Bank Ozk during the 3rd quarter valued at about $224,000. 88.14% of the stock is owned by institutional investors.
Bank Ozk Company Profile
Bank OZK provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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