Equities research analysts expect Bank of the Ozarks (NASDAQ:OZRK) to announce sales of $256.21 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Bank of the Ozarks’ earnings, with estimates ranging from $252.80 million to $258.75 million. Bank of the Ozarks posted sales of $233.95 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The company is expected to announce its next earnings report on Wednesday, July 11th.
According to Zacks, analysts expect that Bank of the Ozarks will report full-year sales of $1.05 billion for the current financial year, with estimates ranging from $1.03 billion to $1.06 billion. For the next financial year, analysts anticipate that the company will report sales of $1.21 billion per share, with estimates ranging from $1.19 billion to $1.23 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Bank of the Ozarks.
Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings data on Thursday, April 12th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. Bank of the Ozarks had a net margin of 40.54% and a return on equity of 11.65%. The company had revenue of $246.48 million during the quarter, compared to the consensus estimate of $246.11 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share.
A number of institutional investors have recently modified their holdings of OZRK. Northwestern Mutual Wealth Management Co. lifted its position in shares of Bank of the Ozarks by 115.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,459 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 1,852 shares during the period. Meridian Management Co. purchased a new stake in shares of Bank of the Ozarks in the fourth quarter worth about $201,000. Exane Derivatives lifted its holdings in shares of Bank of the Ozarks by 78.8% in the fourth quarter. Exane Derivatives now owns 4,486 shares of the financial services provider’s stock worth $217,000 after buying an additional 1,977 shares in the last quarter. Palouse Capital Management Inc. purchased a new stake in shares of Bank of the Ozarks in the fourth quarter worth about $242,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of Bank of the Ozarks in the fourth quarter worth about $242,000. Institutional investors and hedge funds own 88.68% of the company’s stock.
Shares of OZRK stock traded up $0.13 during trading hours on Thursday, hitting $46.95. 687,815 shares of the company were exchanged, compared to its average volume of 1,196,365. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.10. Bank of the Ozarks has a 52 week low of $40.15 and a 52 week high of $53.70. The company has a market capitalization of $6,018.05, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.06 and a beta of 1.33.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 20th. Shareholders of record on Friday, April 13th were paid a $0.195 dividend. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, April 12th. This represents a $0.78 annualized dividend and a yield of 1.66%. Bank of the Ozarks’s payout ratio is 26.35%.
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Bank of the Ozarks Company Profile
Bank of the Ozarks provides a range of 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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