Bank of the Ozarks (OZRK) Set to Announce Earnings on Wednesday
Bank of the Ozarks (NASDAQ:OZRK) will be releasing 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 announced its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.73. The company had revenue of $237.30 million for the quarter, compared to the consensus estimate of $232.85 million. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The firm’s revenue was up 64.8% compared to the same quarter last year. During the same period in the previous year, the business earned $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 (NASDAQ:OZRK) opened at 47.42 on Tuesday. The stock has a 50 day moving average price of $44.39 and a 200-day moving average price of $46.33. Bank of the Ozarks has a 52 week low of $35.53 and a 52 week high of $56.86. The firm has a market capitalization of $6.08 billion, a P/E ratio of 16.63 and a beta of 1.53.
The company also recently announced 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. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, October 12th. Bank of the Ozarks’s dividend payout ratio is currently 25.35%.
OZRK has been the subject of a number of analyst reports. Brean Capital reiterated a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. Stephens set a $64.00 target price on shares of Bank of the Ozarks and gave the stock a “buy” rating in a report on Thursday, June 22nd. 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. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Bank of the Ozarks currently has a consensus rating of “Hold” and an average price target of $52.57.
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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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