Q3 2017 EPS Estimates for Bank of the Ozarks Lifted by Analyst (OZRK)
Bank of the Ozarks (NASDAQ:OZRK) – Analysts at FIG Partners boosted their Q3 2017 earnings per share (EPS) estimates for shares of Bank of the Ozarks in a research note issued to investors on Wednesday. FIG Partners analyst B. Martin now expects that the financial services provider will post earnings per share of $0.74 for the quarter, up from their prior forecast of $0.73.
Bank of the Ozarks (NASDAQ:OZRK) last released its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The firm had revenue of $242.47 million during the quarter, compared to analyst estimates of $243.67 million. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. During the same period in the prior year, the firm posted $0.66 earnings per share.
Several other analysts have also recently commented on the company. BidaskClub cut Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Zacks Investment Research raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. Stephens set a $64.00 target price on Bank of the Ozarks and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Brean Capital reaffirmed a “buy” rating and issued a $59.00 target price on shares of Bank of the Ozarks in a research report on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $56.00 price objective on Bank of the Ozarks and gave the company a “buy” rating in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Bank of the Ozarks presently has an average rating of “Hold” and an average target price of $54.13.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 13th will be given a dividend of $0.185 per share. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, October 12th. This represents a $0.74 dividend on an annualized basis and a yield of 1.62%. Bank of the Ozarks’s dividend payout ratio (DPR) is presently 25.35%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Exane Derivatives acquired a new stake in Bank of the Ozarks during the second quarter valued at $119,000. V Wealth Management LLC acquired a new stake in Bank of the Ozarks during the second quarter valued at $174,000. BB&T Investment Services Inc. acquired a new stake in Bank of the Ozarks during the second quarter valued at $190,000. Opus Capital Group LLC acquired a new stake in Bank of the Ozarks during the second quarter valued at $203,000. Finally, Cigna Investments Inc. New acquired a new stake in Bank of the Ozarks during the second quarter valued at $221,000. 86.64% of the stock is owned by hedge funds and other institutional investors.
About Bank of the Ozarks
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.
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