Bank OZK (OZK) set to announce quarterly results on Thursday
OZK Bank (NASDAQ: OZK – Get a rating) is expected to release earnings data after the market closes on Thursday, July 21. Analysts expect Bank OZK to post earnings of $1.01 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.
OZK Bank (NASDAQ: OZK – Get a rating) last reported results on Thursday, April 21. The company reported EPS of $1.02 for the quarter, beating analysts’ consensus estimate of $0.95 by $0.07. OZK Bank had a net margin of 47.54% and a return on equity of 12.57%. The company posted revenue of $280.82 million in the quarter, compared to analyst estimates of $273.45 million. In the same quarter of the previous year, the company achieved EPS of $1.11. On average, analysts expect Bank OZK to post EPS of $4 for the current fiscal year and EPS of $4 for the next fiscal year.
OZK opened at $36.80 on Thursday. The company has a fifty-day moving average price of $38.54 and a two-hundred-day moving average price of $42.84. The company has a debt ratio of 0.28, a quick ratio of 0.99 and a current ratio of 0.99. OZK Bank has a 52-week low of $34.79 and a 52-week high of $51.39. The company has a market capitalization of $4.62 billion, a PE ratio of 8.46 and a beta of 1.49.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 22. Shareholders of record on Friday, July 15 will receive a dividend of $0.32 per share. This represents a dividend of $1.28 on an annualized basis and a yield of 3.48%. The ex-dividend date is Thursday July 14. This is a positive change from Bank OZK’s previous quarterly dividend of $0.31. OZK Bank’s payout ratio is currently 28.51%.
Hedge funds and other institutional investors have recently changed their positions in the stock. Covestor Ltd increased its position in Bank OZK by 56.6% during the 1st quarter. Covestor Ltd now owns 896 shares in the company worth $38,000 after buying 324 more shares in the last quarter. Brinker Capital Investments LLC increased its position in Bank OZK by 1.9% during the 1st quarter. Brinker Capital Investments LLC now owns 18,951 shares of the company worth $809,000 after buying 353 additional shares in the last quarter. Geneos Wealth Management Inc. increased its position in Bank OZK by 94.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 776 shares of the company worth $33,000 after purchasing an additional 376 shares in the last quarter. 1832 Asset Management LP increased its position in Bank OZK by 48.8% during the 1st quarter. 1832 Asset Management LP now owns 1,494 shares of the company worth $63,000 after buying 490 additional shares in the last quarter. Finally, Lazard Asset Management LLC took a new stake in Bank OZK during the 1st quarter for a value of approximately $25,000. 80.35% of the shares are held by hedge funds and other institutional investors.
A number of research companies have commented on OZK. Stephens raised his price target on Bank OZK shares from $50.00 to $51.00 and gave the stock an “equal weight” rating in a Monday, April 25 report. Citigroup cut its price target on Bank OZK shares from $50.00 to $45.00 in a Wednesday, April 27 report. StockNews.com began covering Bank OZK shares in a Thursday, March 31 report. They issued a “holding” rating for the company. Raymond James downgraded shares of Bank OZK from an “outperforming” rating to a “market performing” rating in a Thursday, July 7 report. Finally, Wells Fargo & Company downgraded shares of Bank OZK from an “overweight” rating to an “equal weight” rating and lowered its price target for the company from $58.00 to $42.00 in a report. Thursday, July 7. Five research analysts gave the stock a hold rating and one gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.71.
Bank OZK company profile (Get a rating)
Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest bearing checks, interest bearing transactions, commercial sweep, savings, money market, individual retirement and other accounts, as well as term deposits. The company also offers home, consumer and business, indirect RV and marine, commercial and industrial, government guaranteed, agricultural, small business, builder and affordable housing loans; business aviation and subscription financing services; and mortgages and other lending products.
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