Bank Ozk (NASDAQ:OZK) released its quarterly earnings data on Thursday. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02, Briefing.com reports. Bank Ozk had a return on equity of 11.19% and a net margin of 34.43%. The business had revenue of $245.38 million for the quarter, compared to analyst estimates of $238.78 million. During the same quarter in the prior year, the firm posted $0.89 EPS.
Shares of Bank Ozk stock opened at $30.00 on Friday. The business has a 50-day moving average of $30.66 and a 200 day moving average of $28.76. Bank Ozk has a 12 month low of $24.35 and a 12 month high of $34.34. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 0.86 and a beta of 1.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.00 and a quick ratio of 1.00.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 17th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.47%. This is a boost from Bank Ozk’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, January 16th. Bank Ozk’s dividend payout ratio (DPR) is 30.86%.
OZK has been the subject of several research analyst reports. SunTrust Banks upped their target price on Bank Ozk from $29.00 to $32.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley cut their target price on Bank Ozk from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 22nd. ValuEngine raised Bank Ozk from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Piper Sandler raised Bank Ozk from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $32.00 to $37.00 in a research note on Friday, January 10th. Finally, Stephens set a $31.00 target price on Bank Ozk and gave the stock a “hold” rating in a research note on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.29.
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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