Bank OZK (NASDAQ:OZK) Issues Quarterly Earnings Results

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

Bank OZK Trading Up 0.3 %

Shares of Bank OZK stock traded up $0.12 during trading hours on Thursday, hitting $45.34. The company’s stock had a trading volume of 1,473,926 shares, compared to its average volume of 1,551,636. The company has a market capitalization of $5.14 billion, a PE 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. The stock has a 50 day moving average of $46.40 and a 200 day moving average of $44.13. Bank OZK has a 12 month low of $37.43 and a 12 month high of $51.50.

Bank OZK Increases Dividend

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

Analyst Ratings Changes

OZK has been the topic of several analyst reports. UBS Group started coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective on the stock. Wells Fargo & Company increased their price target on Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Piper Sandler raised their price target on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Stephens upped their price objective on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Truist Financial cut their target price 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Bank OZK presently has a consensus rating of “Hold” and a consensus price target of $48.25.

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.