Bank OZK (NASDAQ:OZK) Releases Earnings Results, Meets Estimates

Bank OZK (NASDAQ:OZK) announced its earnings results on Wednesday. The company reported $1.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.52, Briefing.com reports. Bank OZK had a return on equity of 14.73% and a net margin of 27.04%. The firm had revenue of $416.78 million for the quarter, compared to the consensus estimate of $414.39 million. During the same quarter in the previous year, the business earned $1.47 EPS. The company’s revenue was up 7.2% compared to the same quarter last year.

Bank OZK Trading Down 4.0 %

NASDAQ:OZK opened at $45.05 on Friday. The company has a market cap of $5.11 billion, a P/E ratio of 7.55 and a beta of 1.20. The stock’s fifty day moving average price is $42.37 and its two-hundred day moving average price is $44.01. Bank OZK has a 1 year low of $34.76 and a 1 year high of $52.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.01.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 12th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, July 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.55%. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. Bank OZK’s dividend payout ratio is currently 26.80%.

Analyst Ratings Changes

OZK has been the topic of a number of research analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $48.00 target price on shares of Bank OZK in a research note on Monday, April 22nd. Wells Fargo & Company cut their target price on Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a research note on Thursday, June 6th. Keefe, Bruyette & Woods upped their price objective on Bank OZK from $45.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday, April 22nd. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Truist Financial dropped their price objective on Bank OZK from $47.00 to $41.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Bank OZK has a consensus rating of “Hold” and a consensus price target of $45.14.

Bank OZK Company Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.