Bank Ozk (NASDAQ:OZK) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Bank Ozk (NASDAQ:OZK) announced its earnings results on Thursday. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01), reports. Bank Ozk had a return on equity of 10.88% and a net margin of 32.47%. The company had revenue of $251.14 million during the quarter, compared to analysts’ expectations of $253.45 million.

NASDAQ OZK opened at $29.30 on Friday. The company’s 50-day simple moving average is $29.68. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. Bank Ozk has a 12-month low of $21.02 and a 12-month high of $42.74. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 0.70 and a beta of 1.85.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 12th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.28%. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, July 11th. Bank Ozk’s dividend payout ratio is presently 29.63%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. QV Investors Inc. purchased a new stake in Bank Ozk during the second quarter valued at about $4,774,000. Copeland Capital Management LLC boosted its position in Bank Ozk by 46.6% during the second quarter. Copeland Capital Management LLC now owns 922,363 shares of the company’s stock valued at $27,754,000 after buying an additional 293,302 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Bank Ozk by 21.2% during the second quarter. Commonwealth Equity Services LLC now owns 9,858 shares of the company’s stock valued at $296,000 after acquiring an additional 1,724 shares during the last quarter. Oakbrook Investments LLC bought a new position in shares of Bank Ozk during the second quarter valued at about $406,000. Finally, Gradient Investments LLC bought a new position in shares of Bank Ozk during the second quarter valued at about $46,000. Institutional investors and hedge funds own 83.45% of the company’s stock.

Several research analysts recently issued reports on OZK shares. Stephens assumed coverage on shares of Slack in a research report on Thursday, July 11th. They issued an “overweight” rating and a $43.00 target price for the company. Zacks Investment Research lowered shares of Ionis Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.55.

Bank Ozk Company Profile

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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