Bank OZK (NASDAQ:OZK) Issues Earnings Results, Beats Estimates By $0.05 EPS

Bank OZK (NASDAQ:OZK) posted its quarterly earnings results on Wednesday. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05, Zacks reports. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%.

Bank OZK Stock Up 0.3 %

OZK traded up $0.10 on Wednesday, reaching $39.34. The company’s stock had a trading volume of 2,269,059 shares, compared to its average volume of 1,331,328. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64. The business’s 50 day moving average is $45.03 and its 200 day moving average is $45.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 6.41 and a beta of 1.05.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 14th will be paid a $0.43 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 4.37%. Bank OZK’s payout ratio is 28.01%.

Analyst Ratings Changes

Several research firms have recently weighed in on OZK. Morgan Stanley reduced their price objective on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Stephens upped their price target on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Wells Fargo & Company lowered their price target on Bank OZK from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Finally, UBS Group initiated coverage on Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.38.

About Bank OZK

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.