Bank OZK (OZK) to Release Quarterly Earnings on Thursday

Bank OZK (NASDAQ:OZK) will be announcing its earnings results after the market closes on Thursday, October 17th. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Bank OZK (NASDAQ:OZK) last released its earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share for the quarter, hitting the consensus estimate of $1.52. The company had revenue of $416.78 million for the quarter, compared to the consensus estimate of $414.39 million. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. Bank OZK’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 EPS. 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 1.5 %

NASDAQ:OZK opened at $44.69 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. Bank OZK has a twelve month low of $34.76 and a twelve month high of $52.36. The company’s 50 day moving average is $41.83 and its two-hundred day moving average is $42.99. The company has a market cap of $5.07 billion, a PE ratio of 7.46 and a beta of 1.17.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 11th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.67%. 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. Bank OZK’s payout ratio is presently 27.47%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OZK. Stephens restated an “equal weight” rating and set a $50.00 price objective on shares of Bank OZK in a research note on Thursday, July 18th. Morgan Stanley lifted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Raymond James cut shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Finally, Truist Financial decreased their price objective on shares of Bank OZK from $49.00 to $48.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company 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.