Bank OZK (OZK) Projected to Post Earnings on Wednesday

Bank OZK (NASDAQ:OZK) is anticipated to announce its earnings results before the market opens 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. The firm had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 earnings per share. 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 Stock Down 1.5 %

OZK stock opened at $37.58 on Wednesday. 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 company’s 50-day moving average price is $46.49 and its 200 day moving average price is $46.00. Bank OZK has a 52 week low of $35.80 and a 52 week high of $53.64. The company has a market cap of $4.26 billion, a P/E ratio of 6.12 and a beta of 1.05.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 14th will be paid a dividend of $0.43 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 4.58%. Bank OZK’s payout ratio is 28.01%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Stephens raised their price objective on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. Morgan Stanley decreased their price objective 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. Finally, UBS Group started coverage on shares of Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.38.

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.