Bank OZK (NASDAQ:OZK) Issues Earnings Results

Bank OZK (NASDAQ:OZK) released its earnings results on Wednesday. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.15, MarketWatch Earnings reports. Bank OZK had a net margin of 22.78% and a return on equity of 6.58%.

Shares of NASDAQ:OZK opened at $35.96 on Friday. Bank OZK has a 12 month low of $14.20 and a 12 month high of $36.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $4.65 billion, a P/E ratio of 17.12 and a beta of 1.90. The company’s fifty day moving average price is $32.25 and its 200 day moving average price is $26.20.

The business also recently declared a quarterly dividend, which was paid on Friday, January 22nd. Investors of record on Friday, January 15th were paid a dividend of $0.278 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.28. This represents a $1.11 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, January 14th. Bank OZK’s dividend payout ratio (DPR) is currently 33.64%.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Bank OZK from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, November 3rd. TheStreet upgraded shares of Bank OZK from a “c+” rating to a “b” rating in a report on Tuesday, January 5th. Finally, Morgan Stanley raised their price objective on shares of Bank OZK from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, January 7th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.11.

Bank OZK Company Profile

Bank OZK provides various retail and commercial banking services. The company accepts various deposit products, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. It also offers real estate, consumer and small business, indirect consumer RV and marine, commercial and industrial, government guaranteed, agricultural, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.

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