Bank Ozk (NASDAQ:OZK) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Bank Ozk (NASDAQ:OZK) announced its quarterly earnings data on Thursday. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01), Bloomberg Earnings reports. Bank Ozk had a return on equity of 10.72% and a net margin of 32.47%. During the same period in the previous year, the firm earned $0.58 earnings per share.

Bank Ozk stock opened at $28.17 on Friday. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 0.69 and a beta of 1.90. Bank Ozk has a 52 week low of $21.02 and a 52 week high of $36.58. The business’s 50-day moving average price is $26.98 and its 200 day moving average price is $29.18. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.14.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.55%. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, October 10th. Bank Ozk’s dividend payout ratio (DPR) is 30.86%.

Several research analysts have recently issued reports on the company. ValuEngine upgraded Bank Ozk from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Stephens set a $34.00 price objective on Bank Ozk and gave the stock a “hold” rating in a research note on Thursday, July 11th. Finally, Morgan Stanley reduced their price objective on Bank Ozk from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $32.82.

About Bank Ozk

Bank OZK provides retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.

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Earnings History for Bank Ozk (NASDAQ:OZK)

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