Bank OZK (OZK) Projected to Post Quarterly Earnings on Wednesday

Bank OZK (NASDAQ:OZK - Get Free Report) is projected to release its earnings data after the market closes on Wednesday, April 16th. Analysts expect Bank OZK to post earnings of $1.42 per share and revenue of $403.05 million for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. During the same period in the previous year, the firm posted $1.50 EPS. Bank OZK's revenue for the quarter 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 traded up $0.34 during midday trading on Friday, hitting $37.97. 2,062,135 shares of the company traded hands, compared to its average volume of 1,320,910. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.64. 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 50 day moving average of $45.58 and a 200-day moving average of $45.93. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 6.18 and a beta of 1.05.

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Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.53%. The ex-dividend date is Monday, April 14th. This is a boost from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is currently 28.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research report on Wednesday. UBS Group began coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price objective for the company. Stephens boosted their target price on shares of Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Finally, Morgan Stanley lowered their price target on shares of 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 equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target 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.