Friday 20th January 2023 – Bank OZK (OZK) today reported an increase in earnings and earnings.
Bank OZK’s earnings are EPS of $1.34 per share, 2.00% higher than the estimated EPS of $1.32 per share. The company’s earnings are up 15% since he reported $1.17 per share in the same period last year. Reported earnings are on an adjusted basis and may not be comparable to previous reports or analyst estimates.
Revenue was strong at $360 million. This is his 21.60% increase in earnings from the previous year’s report and he is 4.90% higher than the consensus estimate set at $343.2 million.
After this report, the stock has increased 4.46% to $41.94.
The company’s high revenue-to-revenue growth indicates that the company has not been able to cut costs and its margins are declining.
Wall Street analysts had reserved their average rating for the stock prior to this report.
investor observer We give the stock a bearish sentiment score at the moment based on recent trading.
Bank OZK has been slightly above average over the past few months. Before the report, Bank OZK obtained a long-term technical rank. investor observer Out of 52, put it in the top half of the stock. The company set his 52-week low at $34.79 on June 16, 2022 and his 52-week high at $49.46 on February 8, 2022.
Bank OZK is a bank holding company that owns and operates the Bank of the Ozarks, a community bank. The bank has offices primarily in the southeastern United States, Texas, New York and California. Bank holding companies also own a number of financial subsidiary business trusts formed in connection with the issuance of debt and preferred securities. Bank of the Ozarks offers a wide range of retail and commercial banking services, but focuses its activities primarily on real estate loans, which represent the majority of bank loans and leases. The bank’s real estate lending arm, which finances construction and development projects in many large cities, is more extensive than many of its community banking competitors.