Bank of the Ozarks (OZRK) to Release Earnings on Wednesday
Bank of the Ozarks (NASDAQ:OZRK) will release its earnings data before the market opens on Wednesday, October 11th. Analysts expect Bank of the Ozarks to post earnings of $0.74 per share for the quarter.
Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, meeting analysts’ consensus estimates of $0.73. The business had revenue of $237.30 million during the quarter, compared to analyst estimates of $232.85 million. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. Bank of the Ozarks’s quarterly revenue was up 64.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. On average, analysts expect Bank of the Ozarks to post $2.97 EPS for the current fiscal year and $3.50 EPS for the next fiscal year.
Bank of the Ozarks (OZRK) opened at 48.20 on Wednesday. The firm’s 50-day moving average price is $43.69 and its 200 day moving average price is $46.40. Bank of the Ozarks has a 52 week low of $35.53 and a 52 week high of $56.86. The company has a market capitalization of $6.18 billion, a PE ratio of 16.95 and a beta of 1.53.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.185 per share. The ex-dividend date is Thursday, October 12th. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 1.54%. Bank of the Ozarks’s dividend payout ratio (DPR) is presently 25.35%.
OZRK has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Stephens set a $48.00 price objective on shares of Bank of the Ozarks and gave the company a “hold” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods set a $56.00 target price on shares of Bank of the Ozarks and gave the stock a “buy” rating in a report on Thursday, July 6th. Finally, Brean Capital reaffirmed a “buy” rating and issued a $59.00 target price on shares of Bank of the Ozarks in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $53.14.
About Bank of the Ozarks
Bank of the Ozarks, Inc is a state chartered bank that provides retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts. Its loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services.
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