What is Zacks Research’s Estimate for Bank OZK Q2 Earnings?

Bank OZK (NASDAQ:OZK) – Equities research analysts at Zacks Research lowered their Q2 2028 earnings estimates for shares of Bank OZK in a report issued on Friday, August 14th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $2.01 for the quarter, down from their prior estimate of $2.03. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Bank OZK’s current full-year earnings is $5.85 per share. Zacks Research also issued estimates for Bank OZK’s FY2028 earnings at $7.78 EPS.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Tuesday, July 21st. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.01. Bank OZK had a return on equity of 11.87% and a net margin of 24.95%.The company had revenue of $430.02 million for the quarter, compared to analyst estimates of $436.42 million. During the same quarter in the previous year, the company earned $1.47 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year.

Several other equities analysts also recently weighed in on the company. Morgan Stanley lifted their target price on Bank OZK from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. Piper Sandler reiterated an “overweight” rating and set a $61.00 target price on shares of Bank OZK in a report on Wednesday, July 22nd. TD Cowen decreased their price target on shares of Bank OZK from $53.00 to $52.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Bank OZK currently has a consensus rating of “Hold” and an average price target of $56.88.

Bank OZK Price Performance

OZK stock opened at $51.11 on Tuesday. The business’s fifty day moving average price is $51.06 and its 200 day moving average price is $48.75. Bank OZK has a 12-month low of $42.37 and a 12-month high of $53.66. The company has a current ratio of 0.97, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $5.72 billion, a PE ratio of 8.45 and a beta of 0.89.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 13th were issued a dividend of $0.48 per share. This is a boost from Bank OZK’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, July 13th. This represents a $1.92 annualized dividend and a yield of 3.8%. Bank OZK’s dividend payout ratio (DPR) is presently 31.74%.

Bank OZK announced that its Board of Directors has authorized a stock repurchase program on Monday, June 29th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Bank OZK

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in shares of Bank OZK by 4.2% during the 4th quarter. Quadrant Capital Group LLC now owns 5,446 shares of the company’s stock worth $251,000 after purchasing an additional 218 shares during the last quarter. Kera Capital Partners Inc. raised its stake in Bank OZK by 2.1% in the fourth quarter. Kera Capital Partners Inc. now owns 11,336 shares of the company’s stock valued at $539,000 after buying an additional 236 shares in the last quarter. Cardinal Capital Management boosted its position in shares of Bank OZK by 0.6% during the 4th quarter. Cardinal Capital Management now owns 48,979 shares of the company’s stock worth $2,254,000 after acquiring an additional 277 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Bank OZK by 4.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 6,403 shares of the company’s stock worth $295,000 after acquiring an additional 278 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in shares of Bank OZK by 0.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 38,261 shares of the company’s stock valued at $1,761,000 after acquiring an additional 317 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.