Lorry Trans

Main Menu

  • Home
  • Trucking
  • Cargo
  • Shipping Transport
  • Air Freight
  • Capital

Lorry Trans

Header Banner

Lorry Trans

  • Home
  • Trucking
  • Cargo
  • Shipping Transport
  • Air Freight
  • Capital
Capital
Home›Capital›$ 273.00 million in expected sales for OZK Bank (NASDAQ: OZK) this quarter

$ 273.00 million in expected sales for OZK Bank (NASDAQ: OZK) this quarter

By Michael K. Davidson
January 2, 2022
0
0


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.

(A d)

Access our leading research platform which includes MarketBeat Daily Premium, portfolio monitoring tools, stock filters, research tools, real-time news feed, email and SMS alerts , the MarketBeat idea engine, exclusive brokerage rankings, extensive data export tools and more. Save 50% on your 2022 subscription. Only $ 1.00 for the first 30 days.

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.

Featured article: Current ratio

Get a Free Copy of Zacks’ Research Report on Bank OZK (OZK)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

OZK Bank Revenue History and Estimates (NASDAQ: OZK)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in OZK Bank right now?

Before you consider OZK Bank, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes over … and Bank OZK was not on the list.

While Bank OZK currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Related posts:

  1. KKR Real Estate Finance Trust (NYSE: KREF) raised to buy from Zacks Investment Research
  2. Fiscal 2021 profit estimate for Berkshire Hills Bancorp, Inc. released by Seaport Res Ptn (NYSE: BHLB)
  3. Ladder Capital Corp (NYSE: LADR) Given the average “Buy” rating by analysts
  4. Ladder Capital Rating (NYSE: LADR) Downgraded to Maintain at Zacks Investment Research
Tagsresearch report

Recent Posts

  • Cargo Handling Equipment Market Size, Scope and Forecast
  • Latest news on the Russian-Ukrainian war: live updates
  • Webcast: In a post-lockdown world, these strategies offer exposure to the transport rebound
  • Payday Loan Service: Market Growth Expected to Increase Significantly from 2022 to 2028
  • Deliveree is smoothing out Southeast Asia’s bumpy logistics landscape – TechCrunch

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021

Categories

  • Air Freight
  • Capital
  • Cargo
  • Shipping Transport
  • Trucking
  • Terms and Conditions
  • Privacy Policy