Key Takeaways:
- Bank OZK surpasses earnings estimates with a GAAP EPS of $1.47.
- Revenue climbs to $409.23 million, topping projections by $6.42 million.
- Analysts foresee potential upside, supported by GuruFocus's GF Value estimate.
Bank OZK (OZK, Financial) reported impressive first-quarter earnings, showcasing a GAAP EPS of $1.47, which exceeded market expectations by $0.03. Additionally, the bank's revenue hit $409.23 million, reflecting a modest 0.8% year-over-year increase and surpassing predictions by $6.42 million.
Wall Street Analysts Forecast
According to the one-year price target assessments from 8 analysts, Bank OZK (OZK, Financial) presents an average target price of $51.88. The projections range from a high of $65.00 to a low of $40.00, suggesting a potential upside of 31.86% from the current price of $39.34. For a comprehensive view of these estimates, refer to the Bank OZK (OZK) Forecast page.
With input from 9 brokerage firms, Bank OZK holds an average brokerage recommendation of 2.9, which aligns with a "Hold" status. The rating spectrum ranges from 1, indicating a Strong Buy, to 5, signifying Sell.
Furthermore, GuruFocus estimates project a GF Value for Bank OZK (OZK, Financial) of $51.51 in one year, pointing to a potential upside of 30.94% from its present valuation of $39.34. The GF Value represents GuruFocus' fair value estimation, derived from historical trading multiples, past business performance, and future growth forecasts. To explore more detailed data, visit the Bank OZK (OZK) Summary page.
