Q4 2017 EPS Estimates for Bank of the Ozarks (OZRK) Lowered by FIG Partners

Bank of the Ozarks (NASDAQ:OZRK) – Equities research analysts at FIG Partners dropped their Q4 2017 earnings per share (EPS) estimates for shares of Bank of the Ozarks in a research report issued on Monday. FIG Partners analyst B. Martin now forecasts that the financial services provider will post earnings per share of $0.76 for the quarter, down from their prior estimate of $0.78.

Several other analysts have also recently weighed in on OZRK. 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 Monday, April 3rd. Zacks Investment Research cut Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th. 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 Wednesday, April 12th. Stephens reaffirmed a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, May 24th. Finally, BidaskClub raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.88.

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Shares of Bank of the Ozarks (NASDAQ OZRK) traded up 0.8431% on Tuesday, reaching $43.5138. The company’s stock had a trading volume of 527,021 shares. The company’s 50 day moving average price is $47.10 and its 200 day moving average price is $49.99. 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 $5.58 billion, a P/E ratio of 15.3002 and a beta of 1.54.

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73. The business had revenue of $237.30 million for the quarter, compared to analyst estimates of $232.85 million. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The company’s quarterly revenue was up 64.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 14th were given a $0.18 dividend. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, July 12th. Bank of the Ozarks’s payout ratio is currently 25.35%.

In other news, Director Peter C. Kenny sold 1,034 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $46.00, for a total value of $47,564.00. Following the sale, the director now directly owns 8,600 shares of the company’s stock, valued at approximately $395,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.70% of the company’s stock.

Several hedge funds have recently modified their holdings of OZRK. Bellwether Investment Group LLC raised its position in Bank of the Ozarks by 0.4% in the first quarter. Bellwether Investment Group LLC now owns 5,162 shares of the financial services provider’s stock valued at $268,000 after buying an additional 22 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its position in Bank of the Ozarks by 0.3% in the first quarter. Clifford Swan Investment Counsel LLC now owns 11,276 shares of the financial services provider’s stock valued at $586,000 after buying an additional 34 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Bank of the Ozarks by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 15,711 shares of the financial services provider’s stock valued at $817,000 after buying an additional 52 shares in the last quarter. World Asset Management Inc raised its position in Bank of the Ozarks by 2.3% in the first quarter. World Asset Management Inc now owns 5,624 shares of the financial services provider’s stock valued at $293,000 after buying an additional 129 shares in the last quarter. Finally, First Midwest Bank Trust Division raised its position in Bank of the Ozarks by 0.4% in the second quarter. First Midwest Bank Trust Division now owns 33,502 shares of the financial services provider’s stock valued at $1,570,000 after buying an additional 143 shares in the last quarter. 85.52% of the stock is currently 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.

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

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