FY2024 EPS Estimates for Bank OZK Boosted by Zacks Research

Bank OZK (NASDAQ:OZK) – Zacks Research boosted their FY2024 earnings per share (EPS) estimates for Bank OZK in a report released on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the company will earn $6.00 per share for the year, up from their previous forecast of $5.97. The consensus estimate for Bank OZK’s current full-year earnings is $6.03 per share. Zacks Research also issued estimates for Bank OZK’s Q4 2024 earnings at $1.42 EPS, Q2 2025 earnings at $1.41 EPS, Q4 2025 earnings at $1.63 EPS, FY2025 earnings at $5.93 EPS, Q2 2026 earnings at $1.57 EPS, Q3 2026 earnings at $1.67 EPS and FY2026 earnings at $6.52 EPS.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.02. The company had revenue of $423.00 million during the quarter, compared to the consensus estimate of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%.

OZK has been the topic of a number of other research reports. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Truist Financial cut their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Morgan Stanley raised their target price on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Piper Sandler boosted their price target on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Stephens raised their price objective on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $48.50.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $49.33 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The firm has a market cap of $5.60 billion, a PE ratio of 8.11 and a beta of 1.16. The company has a fifty day moving average price of $44.45 and a 200 day moving average price of $43.27. Bank OZK has a 1-year low of $37.43 and a 1-year high of $52.36.

Institutional Investors Weigh In On Bank OZK

Several hedge funds have recently bought and sold shares of OZK. LRI Investments LLC acquired a new position in Bank OZK during the first quarter worth approximately $29,000. PSI Advisors LLC increased its holdings in shares of Bank OZK by 20,933.3% during the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after acquiring an additional 628 shares during the last quarter. Assetmark Inc. raised its stake in Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after acquiring an additional 411 shares during the period. Versant Capital Management Inc lifted its holdings in Bank OZK by 423.0% during the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock valued at $40,000 after purchasing an additional 791 shares during the last quarter. Finally, American National Bank & Trust acquired a new stake in Bank OZK during the 3rd quarter valued at $44,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.32%. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK’s dividend payout ratio is presently 26.97%.

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.