Zacks Research Issues Negative Outlook for Bank OZK Earnings

Bank OZK (NASDAQ:OZK) – Equities researchers at Zacks Research cut their Q2 2028 earnings per share (EPS) estimates for shares of Bank OZK in a research note issued to investors on Monday, September 28th. Zacks Research analyst Team now forecasts that the company will post earnings of $1.73 per share for the quarter, down from their previous forecast of $1.74. Zacks Research currently 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.

Several other research firms have also weighed in on OZK. Wall Street Zen upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Sunday. Morgan Stanley lifted their price target on shares of Bank OZK from $56.00 to $57.00 and gave the company an “underweight” rating in a research report on Monday. Wells Fargo & Company set a $51.00 price objective on Bank OZK in a report on Tuesday. Piper Sandler reiterated an “overweight” rating and issued a $61.00 price objective on shares of Bank OZK in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bank OZK in a research note on Friday, September 18th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $54.86.

Bank OZK Price Performance

Bank OZK stock opened at $46.20 on Tuesday. 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 company has a 50-day moving average price of $49.71 and a 200 day moving average price of $48.84. Bank OZK has a 12-month low of $42.37 and a 12-month high of $53.39. The stock has a market cap of $5.17 billion, a P/E ratio of 7.64 and a beta of 0.88.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $436.42 million. During the same quarter in the previous year, the company posted $1.47 EPS. The company’s revenue was up .5% compared to the same quarter last year.

Bank OZK declared that its Board of Directors has approved a stock buyback plan on Monday, June 29th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Bank OZK

A number of institutional investors have recently made changes to their positions in OZK. Northwestern Mutual Wealth Management Co. lifted its position in shares of Bank OZK by 2.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,305 shares of the company’s stock worth $537,000 after purchasing an additional 212 shares in the last quarter. Kera Capital Partners Inc. grew its holdings in shares of Bank OZK by 2.1% in the fourth quarter. Kera Capital Partners Inc. now owns 11,336 shares of the company’s stock valued at $539,000 after purchasing an additional 236 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Bank OZK by 36.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,582 shares of the company’s stock worth $73,000 after buying an additional 424 shares during the period. Concurrent Investment Advisors LLC increased its stake in Bank OZK by 3.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 14,183 shares of the company’s stock worth $739,000 after buying an additional 450 shares during the period. Finally, Sigma Planning Corp lifted its holdings in Bank OZK by 6.6% during the 2nd quarter. Sigma Planning Corp now owns 7,671 shares of the company’s stock worth $400,000 after buying an additional 472 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Company Profile

Bank OZK is a regional financial institution headquartered in Little Rock, Arkansas. The company provides banking services to individuals, businesses and institutions through a network of banking offices concentrated in the Southeastern United States and select markets, including New York and California.

Its products and services include checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, commercial and industrial financing, treasury management and other business banking solutions.