Bank of the Ozarks (OZRK) Issues Earnings Results, Beats Estimates By $0.01 EPS
Bank of the Ozarks (NASDAQ:OZRK) released its earnings results on Wednesday. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01, MarketWatch Earnings reports. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. During the same period in the prior year, the company earned $0.66 earnings per share.
Shares of Bank of the Ozarks (OZRK) opened at 47.66 on Wednesday. The company’s 50 day moving average is $44.58 and its 200 day moving average is $46.32. Bank of the Ozarks has a one year low of $35.53 and a one year high of $56.86. The company has a market cap of $6.11 billion, a P/E ratio of 16.71 and a beta of 1.54.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 13th will be issued a dividend of $0.185 per share. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.74 annualized dividend and a dividend yield of 1.55%. Bank of the Ozarks’s payout ratio is presently 25.35%.
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A number of research firms recently weighed in on OZRK. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $55.00 target price on shares of Bank of the Ozarks in a research report on Thursday, October 5th. Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine downgraded shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised shares of Bank of the Ozarks from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Stephens set a $48.00 target price on shares of Bank of the Ozarks and gave the company a “hold” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $52.57.
Bank of the Ozarks Company Profile
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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