Bank OZK (OZK) Set to Announce Quarterly Earnings on Wednesday

Bank OZK (NASDAQ:OZKGet Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, April 17th. Analysts expect the company to announce earnings of $1.44 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its quarterly earnings results on Friday, January 19th. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. The business had revenue of $407.58 million during the quarter, compared to analyst estimates of $396.54 million. Bank OZK had a net margin of 30.69% and a return on equity of 15.13%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 earnings per share. On average, analysts expect Bank OZK to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Bank OZK Stock Performance

Shares of NASDAQ OZK opened at $42.42 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.03 and a quick ratio of 1.03. Bank OZK has a 1 year low of $30.72 and a 1 year high of $52.36. The firm has a fifty day moving average price of $43.34 and a 200-day moving average price of $43.12. The stock has a market cap of $4.80 billion, a PE ratio of 7.23 and a beta of 1.27.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 12th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.68%. Bank OZK’s dividend payout ratio (DPR) is currently 26.58%.

Institutional Investors Weigh In On Bank OZK

Several hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Bank OZK by 2.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,143 shares of the company’s stock worth $2,948,000 after buying an additional 1,669 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Bank OZK by 105.9% during the 4th quarter. GSA Capital Partners LLP now owns 26,304 shares of the company’s stock worth $1,311,000 after purchasing an additional 13,527 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Bank OZK by 1.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 51,343 shares of the company’s stock worth $2,558,000 after purchasing an additional 673 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Bank OZK by 2.1% during the 4th quarter. Legal & General Group Plc now owns 164,378 shares of the company’s stock worth $8,191,000 after purchasing an additional 3,442 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Bank OZK by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock valued at $599,394,000 after buying an additional 502,005 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OZK has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on Bank OZK from $41.00 to $39.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st. Truist Financial decreased their target price on Bank OZK from $52.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. Citigroup decreased their target price on Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, March 13th. StockNews.com downgraded Bank OZK from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Finally, UBS Group downgraded Bank OZK from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Bank OZK presently has a consensus rating of “Hold” and an average target price of $48.14.

Check Out Our Latest Analysis on Bank OZK

Bank OZK Company Profile

(Get Free Report)

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.

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Earnings History for Bank OZK (NASDAQ:OZK)

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