Key Highlights:
- Bank OZK's Q1 GAAP EPS surpasses expectations at $1.47, outdoing the forecasted $1.44.
- Net interest income sees a slight decline, while noninterest income increases by 5.4%.
- Analysts project an average price target increase, offering a potential upside of 31.86% from the current stock price.
Bank OZK (OZK, Financial) reported a remarkable Q1 GAAP EPS of $1.47, surpassing analysts' expectations of $1.44. While the bank experienced a 1.3% sequential drop in net interest income to $374.5 million, it achieved a notable 5.4% growth in noninterest income, reaching $34.7 million. Consequently, OZK shares saw a modest rise of 0.4% in after-hours trading.
Wall Street Analysts' Forecast
Analysts present a bullish outlook for Bank OZK, with eight experts projecting a one-year average price target of $51.88. The forecasts range from a high of $65.00 to a low of $40.00, suggesting a compelling 31.86% upside from the current trading price of $39.34. For a more comprehensive analysis, visit the Bank OZK (OZK, Financial) Forecast page.
The consensus from nine brokerage firms places Bank OZK's rating at 2.9, designating it a "Hold." This figure is derived from a scale where 1 indicates a Strong Buy, and 5 equates to a Sell.
GuruFocus Valuation Insights
According to GuruFocus estimates, the projected GF Value for Bank OZK over the next year stands at $51.51, reflecting an anticipated upside of 30.94% from the current price of $39.34. The GF Value represents GuruFocus' fair value estimate, calculated using historical trading multiples, past business growth, and future performance projections. For a deeper dive into these metrics, explore the Bank OZK (OZK, Financial) Summary page.
