Bank OZK (NASDAQ:OZK) released its quarterly earnings data on Wednesday. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.15, MarketWatch Earnings reports. Bank OZK had a return on equity of 6.58% and a net margin of 22.78%.
Shares of NASDAQ OZK traded up $1.88 during midday trading on Friday, hitting $35.96. 1,652,157 shares of the stock traded hands, compared to its average volume of 942,383. The firm has a 50-day moving average of $32.15 and a two-hundred day moving average of $26.15. The firm has a market capitalization of $4.65 billion, a P/E ratio of 17.12 and a beta of 1.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. Bank OZK has a one year low of $14.20 and a one year high of $36.24.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 22nd. Stockholders of record on Friday, January 15th will be issued a dividend of $0.278 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.09%. This is a boost from Bank OZK’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, January 14th. Bank OZK’s dividend payout ratio is presently 33.64%.
Several research firms recently issued reports on OZK. Zacks Investment Research raised Bank OZK from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, November 3rd. TheStreet raised Bank OZK from a “c+” rating to a “b” rating in a research report on Tuesday, January 5th. Finally, Morgan Stanley upped their price objective on Bank OZK from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, January 7th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Bank OZK currently has an average rating of “Hold” and a consensus target price 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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