Analysts Anticipate Bank of the Ozarks (OZRK) to Announce $0.90 Earnings Per Share

Equities analysts predict that Bank of the Ozarks (NASDAQ:OZRK) will post earnings of $0.90 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Bank of the Ozarks’ earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $0.92. Bank of the Ozarks reported earnings of $0.73 per share during the same quarter last year, which indicates a positive year over year growth rate of 23.3%. The firm is scheduled to issue its next earnings report on Wednesday, July 11th.

According to Zacks, analysts expect that Bank of the Ozarks will report full year earnings of $3.69 per share for the current year, with EPS estimates ranging from $3.58 to $3.74. For the next year, analysts anticipate that the company will post earnings of $4.31 per share, with EPS estimates ranging from $4.23 to $4.37. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Bank of the Ozarks.

Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings results on Thursday, April 12th. The financial services provider reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. The firm had revenue of $246.48 million for the quarter, compared to the consensus estimate of $246.11 million. Bank of the Ozarks had a net margin of 40.54% and a return on equity of 11.65%. During the same period last year, the firm posted $0.73 earnings per share.

Several equities analysts have recently weighed in on OZRK shares. UBS started coverage on shares of Bank of the Ozarks in a research note on Thursday, March 22nd. They issued a “sell” rating and a $45.00 price target on the stock. Zacks Investment Research cut shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Brean Capital restated a “buy” rating on shares of Bank of the Ozarks in a research report on Thursday, April 5th. BidaskClub cut shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Finally, Barclays cut their price objective on shares of Bank of the Ozarks from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $54.60.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Bank of the Ozarks by 2.6% during the first quarter. BlackRock Inc. now owns 10,580,329 shares of the financial services provider’s stock worth $510,712,000 after purchasing an additional 272,830 shares during the last quarter. Epoch Investment Partners Inc. increased its position in shares of Bank of the Ozarks by 20.4% during the first quarter. Epoch Investment Partners Inc. now owns 4,366,597 shares of the financial services provider’s stock valued at $210,776,000 after acquiring an additional 739,871 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Bank of the Ozarks by 24.2% during the fourth quarter. William Blair Investment Management LLC now owns 3,097,339 shares of the financial services provider’s stock valued at $150,066,000 after acquiring an additional 602,974 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of Bank of the Ozarks during the first quarter valued at about $81,272,000. Finally, Bank of New York Mellon Corp increased its position in shares of Bank of the Ozarks by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,526,966 shares of the financial services provider’s stock valued at $73,981,000 after acquiring an additional 12,006 shares during the last quarter. Hedge funds and other institutional investors own 91.42% of the company’s stock.

Bank of the Ozarks opened at $48.45 on Monday, MarketBeat Ratings reports. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $6.27 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35. Bank of the Ozarks has a twelve month low of $40.15 and a twelve month high of $53.70.

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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Earnings History and Estimates for Bank of the Ozarks (NASDAQ:OZRK)

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