Bank OZK (OZK) Projected to Post Earnings on Wednesday

Bank OZK (NASDAQ:OZK - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Wednesday, April 16th. Analysts expect the company to announce 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 - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The firm had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. During the same quarter in the prior year, the business posted $1.50 earnings per share. The company's quarterly revenue was up 1.2% compared to the same quarter last year. 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

Shares of OZK stock traded up $0.86 during trading hours on Tuesday, hitting $39.24. The company had a trading volume of 2,112,969 shares, compared to its average volume of 1,327,578. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 6.39 and a beta of 1.05. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.64. The firm's fifty day moving average is $45.31 and its 200 day moving average is $45.90.

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Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 14th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.38%. This is a boost from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is 28.01%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stephens boosted their target price on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price objective on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. UBS Group initiated coverage on Bank OZK in a research report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 target price for the company. Finally, Morgan Stanley dropped their price objective on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. 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 company's stock. According to MarketBeat.com, Bank OZK currently has an average rating of "Hold" and an average target price of $49.38.

Bank OZK Company Profile

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.