FY2027 EPS Estimates for Bank OZK Boosted by Zacks Research

Bank OZK (NASDAQ:OZK) – Zacks Research raised their FY2027 earnings per share estimates for shares of Bank OZK in a note issued to investors on Wednesday, April 2nd. Zacks Research analyst R. Department now forecasts that the company will earn $6.97 per share for the year, up from their previous estimate of $6.96. The consensus estimate for Bank OZK’s current full-year earnings is $6.02 per share.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million for the quarter, compared to analysts’ expectations of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.50 earnings per share.

A number of other research analysts have also recently commented on the company. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Morgan Stanley reduced their target price on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Stephens boosted their target price on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, UBS Group assumed coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.38.

Bank OZK Stock Performance

Shares of NASDAQ:OZK opened at $38.12 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 6.21 and a beta of 1.05. Bank OZK has a 12 month low of $35.80 and a 12 month high of $53.64. The firm’s 50-day moving average is $47.28 and its 200 day moving average is $46.14.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 14th will be issued a $0.43 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 4.51%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s payout ratio is currently 28.01%.

Institutional Trading of Bank OZK

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of Bank OZK by 7.3% during the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after purchasing an additional 485,172 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Bank OZK by 19.3% in the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company’s stock valued at $316,281,000 after buying an additional 1,149,880 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Bank OZK by 32.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock valued at $181,566,000 after buying an additional 1,041,198 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Bank OZK by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company’s stock worth $183,909,000 after buying an additional 188,575 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Bank OZK by 30.4% during the 4th quarter. First Trust Advisors LP now owns 2,945,480 shares of the company’s stock worth $131,162,000 after acquiring an additional 686,775 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Company Profile

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.