Bank of the Ozarks (OZRK) Announces Quarterly Earnings, Beats Estimates By $0.01 EPS
Bank of the Ozarks (NASDAQ:OZRK) posted its quarterly earnings results on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01, Analyst Ratings Network reports.
A number of analysts have recently weighed in on OZRK shares. Analysts at SunTrust downgraded shares of Bank of the Ozarks from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 6th. They now have a $49.00 price target on the stock, up previously from $46.00. On the ratings front, analysts at Raymond James raised their price target on shares of Bank of the Ozarks from $48.00 to $50.00 in a research note to investors on Monday, July 15th. Finally, analysts at Raymond James reiterated a “buy” rating on shares of Bank of the Ozarks in a research note to investors on Friday, July 12th. They now have a $48.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, Bank of the Ozarks presently has an average rating of “Hold” and an average target price of $45.50.
Bank of the Ozarks (NASDAQ:OZRK) traded up 0.90% on Thursday, hitting $45.97. 240,738 shares of the company’s stock traded hands. Bank of the Ozarks has a one year low of $30.76 and a one year high of $48.94. The stock has a 50-day moving average of $47. and a 200-day moving average of $44.89. The company has a market cap of $1.629 billion and a price-to-earnings ratio of 19.98.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 18th. Shareholders of record on Friday, October 11th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Wednesday, October 9th. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.19.
Bank of the Ozarks, Inc is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (NASDAQ:OZRK).
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