Bank OZK (OZK) Set to Announce Quarterly Earnings on Thursday

Bank OZK (NASDAQ:OZK) is set to issue its quarterly earnings data after the market closes on Thursday, October 17th. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 EPS for the quarter, meeting analysts’ consensus estimates of $1.52. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The business had revenue of $416.78 million for the quarter, compared to analysts’ expectations of $414.39 million. During the same period last year, the business earned $1.47 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts expect Bank OZK to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Bank OZK Stock Up 0.8 %

Shares of NASDAQ OZK opened at $44.02 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. Bank OZK has a one year low of $34.76 and a one year high of $52.36. The stock has a market capitalization of $4.99 billion, a P/E ratio of 7.35 and a beta of 1.17. The firm’s 50 day simple moving average is $41.78 and its two-hundred day simple moving average is $43.00.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 11th will be issued a $0.41 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.64 annualized dividend and a dividend yield of 3.73%. Bank OZK’s dividend payout ratio (DPR) is currently 27.47%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OZK. Morgan Stanley raised their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Truist Financial dropped their price target on Bank OZK from $49.00 to $48.00 and set a “hold” rating for the company in a research note on Friday, September 20th. StockNews.com raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Stephens reissued an “equal weight” rating and set a $50.00 price objective on shares of Bank OZK in a research report on Thursday, July 18th. Finally, Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.57.

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.