Bank OZK (NASDAQ:OZK) Issues Earnings Results

Bank OZK (NASDAQ:OZK - Get Free Report) issued its earnings results on Wednesday. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.05, Zacks reports. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The firm had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. During the same quarter in the prior year, the business earned $1.51 earnings per share.

Bank OZK Trading Down 3.3 %

Shares of NASDAQ OZK traded down $1.38 during midday trading on Monday, hitting $40.25. The company's stock had a trading volume of 2,211,602 shares, compared to its average volume of 1,336,368. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.64. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.57 billion, a P/E ratio of 6.56 and a beta of 1.05. The business's 50 day moving average is $44.36 and its two-hundred day moving average is $45.86.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be paid a $0.43 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.72 annualized dividend and a yield of 4.27%. This is an increase from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is presently 28.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on OZK shares. Wells Fargo & Company dropped their price target on 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. Stephens cut their target price on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Morgan Stanley reduced their price target on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Bank OZK has a consensus rating of "Hold" and an average price target of $49.00.

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.