Bank Ozk (NASDAQ:OZK) Issues Quarterly Earnings Results

Bank Ozk (NASDAQ:OZK) announced its quarterly earnings data on Wednesday, April 17th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01, Bloomberg Earnings reports. Bank Ozk had a net margin of 33.40% and a return on equity of 11.11%. The business had revenue of $249.96 million for the quarter, compared to the consensus estimate of $251.88 million. During the same quarter last year, the company posted $0.88 earnings per share.

NASDAQ OZK traded down $0.13 on Friday, reaching $32.87. The stock had a trading volume of 894 shares, compared to its average volume of 1,242,239. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96. Bank Ozk has a 1-year low of $21.02 and a 1-year high of $50.39. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 0.81 and a beta of 1.95.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 15th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.80%. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, April 12th. Bank Ozk’s dividend payout ratio is currently 28.40%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new stake in shares of Bank Ozk during the 3rd quarter worth $445,842,000. Vanguard Group Inc acquired a new stake in Bank Ozk in the third quarter valued at about $445,842,000. BlackRock Inc. boosted its stake in Bank Ozk by 3.3% in the fourth quarter. BlackRock Inc. now owns 11,189,610 shares of the company’s stock valued at $255,459,000 after buying an additional 354,323 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Bank Ozk by 122.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,602,068 shares of the company’s stock valued at $150,725,000 after buying an additional 3,635,438 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in Bank Ozk by 20.8% in the fourth quarter. Epoch Investment Partners Inc. now owns 5,370,678 shares of the company’s stock valued at $122,612,000 after buying an additional 923,260 shares in the last quarter. 89.88% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on OZK. Zacks Investment Research downgraded shares of Bank Ozk from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Stephens set a $36.00 price target on shares of Bank Ozk and gave the stock a “hold” rating in a research note on Monday, April 22nd. Brean Capital set a $38.00 price objective on Bank Ozk and gave the company a “buy” rating in a report on Friday, January 18th. SunTrust Banks lifted their price objective on Bank Ozk to $35.00 and gave the company a “hold” rating in a report on Tuesday, January 22nd. Finally, Barclays boosted their target price on Bank Ozk from $28.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $32.73.

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About Bank Ozk

Bank OZK provides retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.

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Earnings History for Bank Ozk (NASDAQ:OZK)

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