$ 273.00 million in expected sales for OZK Bank (NASDAQ: OZK) this quarter
Analysts expect Bank OZK (NASDAQ: OZK) to post revenue of $ 273.00 million for the current fiscal quarter, according to Zacks investment research. Four analysts put Bank OZK’s profit as the lowest sales estimate at $ 270.90 million and the highest estimate at $ 276.20 million. Bank OZK recorded sales of $ 266.26 million in the same quarter of last year, suggesting a positive year-over-year growth rate of 2.5%. The company is expected to release its next earnings report on Thursday, January 20.
On average, analysts expect Bank OZK to report annual revenue of $ 1.08 billion for the current year, with estimates ranging from $ 1.07 billion to $ 1.09 billion. of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 1.10 billion, with estimates ranging from $ 1.08 billion to $ 1.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts who follow Bank OZK.
OZK Bank (NASDAQ: OZK) last released its results on Wednesday, October 20. The company reported earnings per share of $ 1.00 for the quarter, beating the consensus estimate of $ 0.97 by $ 0.03 by Thomson Reuters. OZK Bank had a net margin of 46.64% and return on equity of 12.31%. The company posted revenue of $ 273.94 million in the quarter, compared to a consensus estimate of $ 264.05 million. During the same period last year, the company posted EPS of $ 0.84.
A number of equity research analysts recently commented on the stock. Morgan Stanley raised its price target for Bank OZK shares from $ 53.00 to $ 58.00 and gave the stock an “equal weight” rating in a report released on Monday, December 6. Zacks investment research Upgraded OZK Bank shares from a “hold” rating to a “buy” rating and set a price target of $ 48.00 for the company in a report released on Tuesday, December 28. One investment analyst rated the stock with a conservation rating and three issued a buy rating for the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $ 46.71.
Hedge funds have recently changed their positions in the company. TCW Group Inc. increased its position in Bank OZK by 18.6% during the third quarter. TCW Group Inc. now owns 293,390 shares of the company valued at $ 12,610,000 after purchasing an additional 46,050 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Banque OZK shares by 59.1% during the second quarter. BNP Paribas Arbitrage SA now owns 69,054 shares of the company valued at $ 2,911,000 after purchasing an additional 25,639 shares in the last quarter. Cabot Wealth Management Inc. increased its position in OZK Bank shares by 0.5% during the third quarter. Cabot Wealth Management Inc. now owns 486,875 shares of the company valued at $ 20,926,000 after purchasing an additional 2,184 shares in the last quarter. US Bancorp DE increased its position in Bank OZK shares by 7.3% in the second quarter. US Bancorp DE now owns 4,057 shares of the company valued at $ 171,000 after purchasing an additional 276 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in OZK Bank shares by 6.0% during the second quarter. Panagora Asset Management Inc. now owns 7,111 shares of the company valued at $ 300,000 after purchasing an additional 403 shares during the last quarter. 81.20% of the shares are currently held by hedge funds and other institutional investors.
Actions of NASDAQ OZK opened for $ 46.53 on Friday. The company has a market cap of $ 6.02 billion, a PE ratio of 11.00 and a beta of 1.68. OZK Bank has a 12 month low of $ 30.78 and a 12 month high of $ 48.15. The company has a leverage ratio of 0.27, a current ratio of 0.98, and a quick ratio of 0.98. The company has a 50-day simple moving average of $ 46.09 and a 200-day simple moving average of $ 43.48.
Bank OZK Company Profile
Bank OZK engages in the provision of community banking services. The company offers deposit services such as checks, savings, money market, term deposit and individual retirement accounts. It also provides lending services including types of real estate, consumer, commercial, industrial and agricultural loans.
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