Wall Street analysts forecast that Bank Ozk (NASDAQ:OZK) will announce $250.51 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Bank Ozk’s earnings, with the lowest sales estimate coming in at $247.00 million and the highest estimate coming in at $254.80 million. Bank Ozk reported sales of $244.74 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.4%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 17th.
According to Zacks, analysts expect that Bank Ozk will report full-year sales of $1.00 billion for the current financial year, with estimates ranging from $997.30 million to $1.01 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.02 billion, with estimates ranging from $1.00 billion to $1.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Bank Ozk.
Bank Ozk (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, July 18th. The company reported $0.86 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.01). The business had revenue of $251.14 million for the quarter, compared to the consensus estimate of $253.45 million. Bank Ozk had a return on equity of 10.72% and a net margin of 32.47%.
Bank Ozk stock traded up $0.15 during mid-day trading on Thursday, reaching $26.06. 544,844 shares of the company’s stock were exchanged, compared to its average volume of 1,050,533. The business’s fifty day simple moving average is $28.47 and its 200 day simple moving average is $30.44. The firm has a market capitalization of $3.36 billion, a PE ratio of 8.04, a P/E/G ratio of 0.65 and a beta of 1.84. Bank Ozk has a one year low of $21.02 and a one year high of $41.17. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.14.
Several institutional investors and hedge funds have recently modified their holdings of OZK. Norges Bank bought a new stake in shares of Bank Ozk in the fourth quarter valued at $21,289,000. Dimensional Fund Advisors LP grew its position in shares of Bank Ozk by 49.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,833,994 shares of the company’s stock valued at $64,699,000 after purchasing an additional 932,303 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Bank Ozk in the second quarter valued at $15,304,000. Principal Financial Group Inc. grew its position in shares of Bank Ozk by 11.0% in the first quarter. Principal Financial Group Inc. now owns 4,824,914 shares of the company’s stock valued at $139,830,000 after purchasing an additional 477,434 shares in the last quarter. Finally, Copeland Capital Management LLC grew its position in shares of Bank Ozk by 46.6% in the second quarter. Copeland Capital Management LLC now owns 922,363 shares of the company’s stock valued at $27,754,000 after purchasing an additional 293,302 shares in the last quarter. Hedge funds and other institutional investors own 85.55% of the company’s stock.
Bank Ozk Company Profile
Bank OZK provides 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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