Bank OZK Stock Gets Reduced EPS Forecast from Zacks Research

by · The Markets Daily

Bank OZK (NASDAQ:OZK – Free Report) – Zacks Research decreased their Q2 2028 earnings per share (EPS) estimates for shares of Bank OZK in a report released on Monday, September 28th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.73 for the quarter, down from their previous forecast of $1.74. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Bank OZK’s current full-year earnings is $5.82 per share. Zacks Research also issued estimates for Bank OZK’s FY2028 earnings at $7.29 EPS.

A number of other research analysts have also commented on OZK. UBS Group boosted their price target on shares of Bank OZK from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Bank OZK in a research note on Friday, September 18th. Wells Fargo & Company dropped their price target on Bank OZK from $56.00 to $51.00 and set an “equal weight” rating for the company in a research report on Tuesday. TD Cowen lowered their target price on shares of Bank OZK from $53.00 to $52.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Finally, Citigroup reissued a “sell” rating on shares of Bank OZK in a research note on Monday, August 17th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $54.86.

Check Out Our Latest Stock Report on OZK

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $45.96 on Tuesday. The company has a 50 day moving average of $49.61 and a 200 day moving average of $48.86. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock has a market cap of $5.14 billion, a P/E ratio of 7.60 and a beta of 0.88. Bank OZK has a 12 month low of $42.37 and a 12 month high of $53.39.

Bank OZK (NASDAQ:OZK – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. Bank OZK had a net margin of 24.95% and a return on equity of 11.87%. The firm had revenue of $430.02 million for the quarter, compared to the consensus estimate of $436.42 million. During the same period in the prior year, the firm posted $1.47 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis.

Institutional Trading of Bank OZK

A number of hedge funds have recently bought and sold shares of OZK. Dimensional Fund Advisors LP grew its position in Bank OZK by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 6,625,660 shares of the company’s stock valued at $304,045,000 after acquiring an additional 38,592 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Bank OZK by 4.6% in the 1st quarter. First Trust Advisors LP now owns 3,036,101 shares of the company’s stock worth $139,327,000 after acquiring an additional 134,490 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Bank OZK by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 2,146,728 shares of the company’s stock valued at $98,812,000 after purchasing an additional 29,024 shares in the last quarter. Norges Bank bought a new position in shares of Bank OZK during the 4th quarter valued at $59,809,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Bank OZK during the 2nd quarter valued at $63,410,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK declared that its Board of Directors has approved a share repurchase program on Monday, June 29th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

About Bank OZK

(Get Free Report)

Bank OZK (NASDAQ:OZK) is a regional financial institution headquartered in Little Rock, Arkansas. The bank provides banking and financial services to individuals, businesses and institutions through a network of branches and digital banking channels.

Its products and services include checking and savings accounts, certificates of deposit, consumer and commercial loans, residential mortgages, treasury management, online and mobile banking, and wealth management. Bank OZK also provides specialized lending through its Real Estate Specialties Group, which focuses on commercial real estate financing for projects in markets across the United States.

The company traces its origins to 1903, when it was founded as a community bank in Jasper, Arkansas.

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