Bank Ozk (NASDAQ:OZK) – Deutsche Bank decreased their Q3 2020 earnings per share estimates for shares of Bank Ozk in a research note issued to investors on Wednesday. Deutsche Bank analyst J. Moe now anticipates that the company will post earnings per share of $0.11 for the quarter, down from their prior forecast of $0.13. Deutsche Bank also issued estimates for Bank Ozk’s Q4 2020 earnings at $0.14 EPS, FY2020 earnings at $0.56 EPS, FY2021 earnings at $0.61 EPS, FY2022 earnings at $0.64 EPS and FY2023 earnings at $0.68 EPS.
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A number of other research firms have also weighed in on OZK. Zacks Investment Research cut shares of Bank Ozk from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. BidaskClub raised shares of Bank Ozk from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th.
Shares of Bank Ozk ( NASDAQ OZK ) opened at $14.85 on Thursday. The company has a market cap of $566.40, a PE ratio of 31.39 and a beta of 0.64. Bank Ozk has a twelve month low of $12.95 and a twelve month high of $16.72.
Bank Ozk (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $29.70 million during the quarter, compared to analyst estimates of $29.44 million. Bank Ozk had a net margin of 29.65% and a return on equity of 10.81%. During the same period in the prior year, the firm earned $0.12 EPS.
Several hedge funds have recently modified their holdings of OZK. Vanguard Group Inc. raised its position in shares of Bank Ozk by 2.2% in the second quarter. Vanguard Group Inc. now owns 18,370,232 shares of the company’s stock valued at $263,319,000 after buying an additional 381,250 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Bank Ozk by 45.2% in the second quarter. BNP Paribas Arbitrage SA now owns 11,540 shares of the company’s stock valued at $160,000 after buying an additional 3,812 shares during the period. Vident Investment Advisory LLC bought a new stake in shares of Bank Ozk in the third quarter valued at approximately $203,000. Ameriprise Financial Inc. raised its position in shares of Bank Ozk by 13.4% in the second quarter. Ameriprise Financial Inc. now owns 10,022 shares of the company’s stock valued at $154,000 after buying an additional 1,179 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Bank Ozk by 118.7% in the third quarter. Schroder Investment Management Group now owns 2,810 shares of the company’s stock valued at $45,000 after buying an additional 1,500 shares during the period. 66.92% of the stock is currently owned by institutional investors.
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About Bank Ozk
Bank of Ozark is a bank holding company and a savings and loan holding company for Bank Ozark. The Company operates through three segments: Commercial Banking, Consumer Banking and Asset Management. Its Commercial Banking segment provides commercial lending and deposit and other banking services to businesses and individual customers.
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