Bank of the Ozarks (NASDAQ:OZRK) – Analysts at SunTrust Banks decreased their Q3 2017 earnings per share (EPS) estimates for Bank of the Ozarks in a research report issued on Wednesday. SunTrust Banks analyst J. Demba now anticipates that the financial services provider will post earnings of $0.76 per share for the quarter, down from their previous estimate of $0.77. SunTrust Banks also issued estimates for Bank of the Ozarks’ Q4 2017 earnings at $0.79 EPS, FY2017 earnings at $3.00 EPS, Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at $0.90 EPS and FY2018 earnings at $3.50 EPS.

Bank of the Ozarks (NASDAQ:OZRK) last announced its earnings results on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, meeting the consensus estimate of $0.73. Bank of the Ozarks had a return on equity of 12.33% and a net margin of 35.50%. The company had revenue of $237.30 million for the quarter, compared to analyst estimates of $232.85 million. During the same quarter in the prior year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 64.8% compared to the same quarter last year.

ILLEGAL ACTIVITY WARNING: “Bank of the Ozarks to Post Q3 2017 Earnings of $0.76 Per Share, SunTrust Banks Forecasts (OZRK)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/08/bank-of-the-ozarks-to-post-q3-2017-earnings-of-0-76-per-share-suntrust-banks-forecasts-ozrk-updated-updated-updated.html.

Several other research firms have also recently issued reports on OZRK. BidaskClub cut Bank of the Ozarks from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $56.00 price objective on shares of Bank of the Ozarks in a research report on Wednesday, May 3rd. Stephens reaffirmed a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, May 24th. Brean Capital set a $63.00 price objective on Bank of the Ozarks and gave the company a “buy” rating in a research report on Thursday, May 18th. Finally, Zacks Investment Research cut Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Bank of the Ozarks has a consensus rating of “Buy” and an average price target of $53.88.

Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 46.65 on Friday. The company’s 50 day moving average price is $46.61 and its 200 day moving average price is $50.91. Bank of the Ozarks has a 12 month low of $35.11 and a 12 month high of $56.86. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 17.07 and a beta of 1.54.

A number of large investors have recently made changes to their positions in OZRK. Randolph Co Inc raised its stake in shares of Bank of the Ozarks by 38.5% in the second quarter. Randolph Co Inc now owns 172,075 shares of the financial services provider’s stock worth $8,065,000 after buying an additional 47,800 shares in the last quarter. Forte Capital LLC ADV raised its stake in shares of Bank of the Ozarks by 1.7% in the second quarter. Forte Capital LLC ADV now owns 59,077 shares of the financial services provider’s stock worth $2,769,000 after buying an additional 1,001 shares in the last quarter. Handelsinvest Investeringsforvaltning bought a new stake in shares of Bank of the Ozarks during the second quarter worth $2,648,000. Capstone Asset Management Co. raised its stake in shares of Bank of the Ozarks by 27.9% in the second quarter. Capstone Asset Management Co. now owns 12,532 shares of the financial services provider’s stock worth $587,000 after buying an additional 2,730 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in shares of Bank of the Ozarks during the second quarter worth $11,718,000. Institutional investors and hedge funds own 85.49% of the company’s stock.

In related news, Director Walter J. Mullen III sold 505 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $50.31, for a total value of $25,406.55. Following the completion of the transaction, the director now directly owns 3,400 shares in the company, valued at approximately $171,054. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dan Thomas sold 19,737 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $47.37, for a total transaction of $934,941.69. Following the completion of the transaction, the insider now owns 110,624 shares of the company’s stock, valued at $5,240,258.88. The disclosure for this sale can be found here. Insiders have sold 22,760 shares of company stock valued at $1,078,619 over the last quarter. Company insiders own 6.70% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 14th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.54%. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, July 12th. Bank of the Ozarks’s dividend payout ratio (DPR) is presently 24.65%.

Bank of the Ozarks Company Profile

Bank of the Ozarks, Inc is a state chartered bank that provides retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts. Its loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services.

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

Receive News & Stock Ratings for Bank of the Ozarks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of the Ozarks and related stocks with our FREE daily email newsletter.