Bank OZK (OZK) to Release Earnings on Wednesday

Bank OZK (NASDAQ:OZK) will likely be releasing its earnings data after the market closes on Wednesday, April 16th. Analysts expect Bank OZK to post earnings of $1.42 per share and revenue of $403.05 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.12. The firm had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 earnings per share. On average, analysts expect Bank OZK to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Bank OZK Price Performance

OZK stock opened at $38.38 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The company’s 50-day moving average is $45.31 and its 200-day moving average is $45.90. The stock has a market capitalization of $4.35 billion, a PE ratio of 6.25 and a beta of 1.05. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.72 annualized dividend and a yield of 4.48%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s dividend payout ratio is presently 28.01%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OZK. Stephens boosted their price objective on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price target on shares of Bank OZK from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Morgan Stanley dropped their price objective on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Finally, UBS Group began coverage on shares of Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Bank OZK has an average rating of “Hold” and an average target price of $49.38.

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.