Bank OZK (NASDAQ:OZK – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.07, Briefing.com reports. The business had revenue of $406.02 million during the quarter, compared to analyst estimates of $396.81 million. Bank OZK had a net margin of 30.69% and a return on equity of 15.13%. During the same quarter in the previous year, the business posted $1.41 EPS.
Bank OZK Price Performance
Shares of OZK traded up $1.73 during midday trading on Thursday, hitting $43.55. 596,329 shares of the company traded hands, compared to its average volume of 1,171,559. The stock has a 50-day moving average of $43.34 and a 200-day moving average of $43.15. Bank OZK has a one year low of $30.72 and a one year high of $52.36. The firm has a market cap of $4.93 billion, a P/E ratio of 7.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.03 and a quick ratio of 1.03.
Bank OZK Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 12th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, April 11th. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.58%. Bank OZK’s dividend payout ratio is 26.58%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on OZK
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. increased its position in shares of Bank OZK by 46.9% in the first quarter. Prudential Financial Inc. now owns 67,648 shares of the company’s stock worth $2,889,000 after purchasing an additional 21,590 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Bank OZK by 25.2% during the first quarter. Federated Hermes Inc. now owns 25,809 shares of the company’s stock worth $1,102,000 after acquiring an additional 5,200 shares in the last quarter. Ergoteles LLC purchased a new position in shares of Bank OZK during the first quarter worth approximately $2,374,000. Covestor Ltd raised its stake in shares of Bank OZK by 56.6% during the first quarter. Covestor Ltd now owns 896 shares of the company’s stock worth $38,000 after acquiring an additional 324 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Bank OZK during the first quarter worth approximately $179,000. 86.18% of the stock is currently owned by institutional investors.
Bank OZK Company Profile
Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.
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