FY2027 EPS Estimates for Bank OZK Boosted by Zacks Research

Bank OZK (NASDAQ:OZK) – Stock analysts at Zacks Research raised their FY2027 earnings estimates for shares of Bank OZK in a report issued on Wednesday, April 2nd. Zacks Research analyst R. Department now anticipates that the company will post earnings of $6.97 per share for the year, up from their previous forecast 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 results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. During the same period last year, the company posted $1.50 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis.

OZK has been the topic of a number of other reports. Stephens upped their price target on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Morgan Stanley lowered their target price on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, UBS Group started coverage on shares of Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.38.

Bank OZK Price Performance

OZK stock opened at $37.58 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The company’s 50-day moving average is $46.49 and its 200-day moving average is $46.00. The stock has a market capitalization of $4.26 billion, a PE ratio of 6.12 and a beta of 1.05. Bank OZK has a 1 year low of $35.80 and a 1 year high of $53.64.

Institutional Trading of Bank OZK

Institutional investors and hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its position in Bank OZK by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company’s stock worth $498,000 after purchasing an additional 193 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Bank OZK by 1.0% in the fourth quarter. Tidal Investments LLC now owns 21,575 shares of the company’s stock valued at $961,000 after acquiring an additional 205 shares in the last quarter. Bank of Montreal Can increased its position in shares of Bank OZK by 0.5% during the fourth quarter. Bank of Montreal Can now owns 46,832 shares of the company’s stock valued at $2,085,000 after acquiring an additional 241 shares during the last quarter. M&T Bank Corp increased its position in shares of Bank OZK by 1.9% during the third quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock valued at $578,000 after acquiring an additional 244 shares during the last quarter. Finally, Principal Securities Inc. lifted its holdings in Bank OZK by 12.7% during the fourth quarter. Principal Securities Inc. now owns 2,509 shares of the company’s stock worth $112,000 after acquiring an additional 283 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.58%. This is an increase from Bank OZK’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, April 14th. Bank OZK’s payout ratio is currently 28.01%.

About Bank OZK

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.