Brokerages Anticipate Bank Of The Ozarks Inc (OZRK) Will Announce Earnings of $0.75 Per Share

Equities research analysts predict that Bank Of The Ozarks Inc (NASDAQ:OZRK) will report earnings per share (EPS) of $0.75 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Bank Of The Ozarks’ earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.77. Bank Of The Ozarks posted earnings per share of $0.72 during the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The business is scheduled to announce its next earnings report before the market opens on Tuesday, January 16th.

According to Zacks, analysts expect that Bank Of The Ozarks will report full year earnings of $2.95 per share for the current fiscal year, with EPS estimates ranging from $2.94 to $2.97. For the next year, analysts expect that the business will report earnings of $3.35 per share, with EPS estimates ranging from $3.25 to $3.71. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Bank Of The Ozarks.

Bank Of The Ozarks (NASDAQ:OZRK) last issued its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The business had revenue of $242.47 million during the quarter, compared to analyst estimates of $243.67 million. Bank Of The Ozarks had a return on equity of 11.85% and a net margin of 65.67%. During the same period in the prior year, the company posted $0.66 earnings per share.

A number of brokerages recently commented on OZRK. Zacks Investment Research upgraded Bank Of The Ozarks from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, December 26th. Barclays assumed coverage on Bank Of The Ozarks in a research report on Wednesday. They issued an “overweight” rating and a $60.00 price target on the stock. Brean Capital reiterated a “buy” rating and issued a $65.00 price target on shares of Bank Of The Ozarks in a research report on Tuesday. Piper Jaffray Companies reiterated an “overweight” rating and issued a $55.00 price target on shares of Bank Of The Ozarks in a research report on Thursday, October 5th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $54.00 price target on shares of Bank Of The Ozarks in a research report on Thursday, December 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.56.

Shares of Bank Of The Ozarks (NASDAQ:OZRK) traded up $0.99 during midday trading on Friday, hitting $49.50. The company had a trading volume of 1,566,000 shares, compared to its average volume of 1,087,600. The firm has a market capitalization of $6,380.00, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 1.21 and a beta of 1.50. Bank Of The Ozarks has a twelve month low of $40.15 and a twelve month high of $56.86.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 19th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. This is a boost from Bank Of The Ozarks’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, January 18th. Bank Of The Ozarks’s dividend payout ratio is 27.31%.

Several hedge funds have recently made changes to their positions in the company. BRYN MAWR TRUST Co grew its holdings in shares of Bank Of The Ozarks by 1.0% during the second quarter. BRYN MAWR TRUST Co now owns 7,764 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 75 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Bank Of The Ozarks by 1.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,778 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 92 shares during the last quarter. Suntrust Banks Inc. grew its holdings in shares of Bank Of The Ozarks by 7.4% during the second quarter. Suntrust Banks Inc. now owns 5,587 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 383 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Bank Of The Ozarks by 7.7% during the second quarter. MML Investors Services LLC now owns 5,573 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 400 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of Bank Of The Ozarks by 8.4% during the second quarter. Advisor Group Inc. now owns 8,586 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 665 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

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Bank Of The Ozarks Company Profile

Bank of the Ozarks, Inc is a state chartered bank that provides retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts. Its loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services.

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Earnings History and Estimates for Bank Of The Ozarks (NASDAQ:OZRK)

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