Bank OZK (NASDAQ:OZK) Announces Quarterly Earnings Results, Beats Estimates By $0.12 EPS

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

Bank OZK Stock Up 9.7 %

Shares of NASDAQ OZK opened at $49.74 on Friday. The stock has a market capitalization of $5.64 billion, a PE ratio of 8.18 and a beta of 1.20. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average of $46.42 and a 200-day moving average of $44.20. Bank OZK has a 52-week low of $37.43 and a 52-week high of $51.50.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th will be given a dividend of $0.42 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $1.68 annualized dividend and a yield of 3.38%. Bank OZK’s dividend payout ratio is 26.97%.

Wall Street Analyst Weigh In

OZK has been the subject of several research reports. Stephens reaffirmed an “equal weight” rating and set a $53.00 price target on shares of Bank OZK in a research note on Friday. UBS Group assumed coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price for the company. Wells Fargo & Company increased their price target on shares of Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd. Truist Financial dropped their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Finally, Piper Sandler increased their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report 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. Based on data from MarketBeat.com, Bank OZK presently has a consensus rating of “Hold” and an average price target of $48.50.

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.