Bank Of The Ozarks (OZRK) Posts Earnings Results, Hits Expectations
Bank Of The Ozarks (NASDAQ:OZRK) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75, Morningstar.com reports. The company had revenue of $245.04 million for the quarter, compared to analyst estimates of $249.84 million. Bank Of The Ozarks had a net margin of 35.53% and a return on equity of 11.85%. During the same quarter last year, the firm posted $0.72 earnings per share.
Shares of Bank Of The Ozarks (NASDAQ OZRK) traded down $0.24 during trading hours on Wednesday, hitting $52.23. 3,396,000 shares of the company were exchanged, compared to its average volume of 1,556,810. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $6,510.00, a price-to-earnings ratio of 19.27, a PEG ratio of 1.16 and a beta of 1.50. Bank Of The Ozarks has a fifty-two week low of $40.15 and a fifty-two week high of $56.86.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 19th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, January 18th. This is a positive change from Bank Of The Ozarks’s previous quarterly dividend of $0.19. Bank Of The Ozarks’s payout ratio is 27.31%.
A number of research firms have recently issued reports on OZRK. Brean Capital reiterated a “buy” rating and set a $65.00 price objective on shares of Bank Of The Ozarks in a research note on Tuesday. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Bank Of The Ozarks in a research note on Wednesday. Stephens reiterated a “hold” rating on shares of Bank Of The Ozarks in a research note on Wednesday. Zacks Investment Research upgraded shares of Bank Of The Ozarks from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Friday, January 5th. Finally, Barclays began coverage on shares of Bank Of The Ozarks in a research note on Wednesday, January 3rd. They set an “overweight” rating and a $60.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $55.56.
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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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