Bank OZK (NASDAQ:OZK – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 20th. Analysts expect the company to announce earnings of $1.44 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Bank OZK (NASDAQ:OZK – Get Rating) last announced its quarterly earnings data on Thursday, January 19th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. The business had revenue of $360.03 million during the quarter, compared to the consensus estimate of $338.35 million. Bank OZK had a return on equity of 13.13% and a net margin of 40.86%. 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 Price Performance
Shares of NASDAQ:OZK opened at $32.96 on Thursday. The company has a market cap of $4.13 billion, a P/E ratio of 7.26 and a beta of 1.38. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.25. Bank OZK has a 52 week low of $31.48 and a 52 week high of $49.52. The business has a fifty day simple moving average of $40.55 and a 200-day simple moving average of $41.86.
Bank OZK Increases Dividend
Hedge Funds Weigh In On Bank OZK
Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new position in Bank OZK in the 1st quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its holdings in Bank OZK by 94.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 776 shares of the company’s stock worth $33,000 after buying an additional 376 shares in the last quarter. Covestor Ltd grew its holdings in Bank OZK by 56.6% in the 1st quarter. Covestor Ltd now owns 896 shares of the company’s stock worth $38,000 after buying an additional 324 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new position in Bank OZK in the 4th quarter worth approximately $42,000. Finally, Point72 Asset Management L.P. bought a new position in Bank OZK in the 4th quarter worth approximately $52,000. 76.17% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
OZK has been the topic of a number of recent research reports. Morgan Stanley reduced their price objective on Bank OZK from $51.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 5th. StockNews.com cut Bank OZK from a “hold” rating to a “sell” rating in a research note on Wednesday. UBS Group upgraded Bank OZK from a “neutral” rating to a “buy” rating and cut their price target for the stock from $48.00 to $47.00 in a research note on Wednesday, March 15th. Wells Fargo & Company cut their price target on Bank OZK from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 5th. Finally, Keefe, Bruyette & Woods cut their price target on Bank OZK from $40.00 to $35.00 and set a “market perform” rating on the stock in a research note on Thursday, April 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.67.
About Bank OZK
Bank OZK engages in the provision of community banking services. The firm offers deposit services such as checking, savings, money market, time deposit, and individual retirement accounts. It also provides loan services including types of real estate, consumer, commercial, industrial, and agricultural loans.
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