Bank OZK (NASDAQ:OZK) Issues Earnings Results

Bank OZK (NASDAQ:OZK) released its quarterly earnings results on Thursday. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.12, Briefing.com reports. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The firm had revenue of $412.34 million for the quarter, compared to analysts’ expectations of $407.19 million. During the same period in the prior year, the firm earned $1.50 EPS. The company’s revenue was up 1.2% compared to the same quarter last year.

Bank OZK Trading Up 0.3 %

OZK stock opened at $45.34 on Friday. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 7.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. Bank OZK has a 1-year low of $37.43 and a 1-year high of $51.50. The business has a 50 day simple moving average of $46.35 and a two-hundred day simple moving average of $44.14.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 3.71%. Bank OZK’s payout ratio is currently 26.97%.

Analyst Ratings Changes

A number of brokerages have commented on OZK. Wells Fargo & Company upped their target price on shares of Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Stephens raised their target price on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. UBS Group began coverage on Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target for the company. Truist Financial decreased their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Finally, Piper Sandler boosted their price objective on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Bank OZK has an average rating of “Hold” and an average target price of $48.25.

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.