Bank OZK (NASDAQ:OZK) posted its quarterly earnings results on Wednesday. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.78 by $0.15, MarketWatch Earnings reports. Bank OZK had a net margin of 22.78% and a return on equity of 6.58%.
OZK opened at $35.96 on Friday. Bank OZK has a twelve month low of $14.20 and a twelve month high of $36.24. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $32.25 and a 200 day moving average price of $26.20. The company has a market cap of $4.65 billion, a PE ratio of 17.12 and a beta of 1.90.
The business also recently declared a quarterly dividend, which was paid on Friday, January 22nd. Investors of record on Friday, January 15th were given a dividend of $0.278 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Thursday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.28. Bank OZK’s dividend payout ratio is 33.64%.
A number of brokerages have weighed in on OZK. Zacks Investment Research upgraded shares of Bank OZK from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, November 3rd. Morgan Stanley upped their price objective on shares of Bank OZK from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 7th. Finally, TheStreet upgraded shares of Bank OZK from a “c+” rating to a “b” rating in a research report on Tuesday, January 5th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $27.11.
Bank OZK Company Profile
Bank OZK provides various retail and commercial banking services. The company accepts various deposit products, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. It also offers real estate, consumer and small business, indirect consumer RV and marine, commercial and industrial, government guaranteed, agricultural, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.
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