Wall Street analysts expect Bank Of The Ozarks Inc (NASDAQ:OZRK) to report sales of $256.21 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Bank Of The Ozarks’ earnings. The highest sales estimate is $258.75 million and the lowest is $252.80 million. Bank Of The Ozarks reported sales of $233.95 million in the same quarter last year, which indicates a positive year over year growth rate of 9.5%. The company is expected to issue its next earnings results on Wednesday, July 11th.
On average, analysts expect that Bank Of The Ozarks will report full year sales of $1.05 billion for the current year, with estimates ranging from $1.04 billion to $1.06 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.21 billion per share, with estimates ranging from $1.19 billion to $1.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Bank Of The Ozarks.
Bank Of The Ozarks (NASDAQ:OZRK) last released its quarterly earnings data on Thursday, April 12th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03. The business had revenue of $246.48 million for the quarter, compared to analysts’ expectations of $246.11 million. Bank Of The Ozarks had a return on equity of 11.65% and a net margin of 40.54%. During the same period in the prior year, the firm posted $0.73 EPS.
OZRK has been the topic of several analyst reports. Brean Capital reaffirmed a “buy” rating on shares of Bank Of The Ozarks in a research report on Thursday, April 5th. ValuEngine cut Bank Of The Ozarks from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research cut Bank Of The Ozarks from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. BidaskClub cut Bank Of The Ozarks from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Citigroup initiated coverage on Bank Of The Ozarks in a research report on Monday, June 18th. They issued a “buy” rating and a $62.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $55.27.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OZRK. Mount Yale Investment Advisors LLC bought a new position in Bank Of The Ozarks in the 1st quarter worth $181,000. Brasada Capital Management LP raised its holdings in Bank Of The Ozarks by 1,323.5% in the 1st quarter. Brasada Capital Management LP now owns 9,680 shares of the financial services provider’s stock worth $466,000 after purchasing an additional 9,000 shares during the period. Allianz Asset Management GmbH bought a new position in Bank Of The Ozarks in the 1st quarter worth $11,989,000. Summit Trail Advisors LLC raised its holdings in Bank Of The Ozarks by 13.3% in the 1st quarter. Summit Trail Advisors LLC now owns 24,470 shares of the financial services provider’s stock worth $919,000 after purchasing an additional 2,872 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in Bank Of The Ozarks in the 1st quarter worth $2,747,000. 90.89% of the stock is currently owned by hedge funds and other institutional investors.
Bank Of The Ozarks traded down $0.08, hitting $45.04, during midday trading on Wednesday, Marketbeat.com reports. The company’s stock had a trading volume of 988,325 shares, compared to its average volume of 837,811. The stock has a market capitalization of $5.78 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 1.02 and a beta of 1.34. Bank Of The Ozarks has a 12 month low of $40.15 and a 12 month high of $53.70. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10.
About Bank Of The Ozarks
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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