Bank Ozk (OZK) to Issue Quarterly Dividend of $0.25 on October 18th

Bank Ozk (NASDAQ:OZK) declared a quarterly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Friday, October 11th will be given a dividend of 0.25 per share on Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Thursday, October 10th. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.24.

NASDAQ:OZK traded down $0.02 during mid-day trading on Thursday, reaching $26.13. The stock had a trading volume of 282,588 shares, compared to its average volume of 841,549. The business’s 50 day moving average is $26.58 and its 200 day moving average is $29.37. Bank Ozk has a fifty-two week low of $21.02 and a fifty-two week high of $39.25. The stock has a market cap of $3.52 billion, a P/E ratio of 8.06, a PEG ratio of 0.68 and a beta of 1.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.99 and a quick ratio of 0.99.

Bank Ozk (NASDAQ:OZK) last released its quarterly earnings data on Thursday, July 18th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Bank Ozk had a return on equity of 10.72% and a net margin of 32.47%. The firm had revenue of $251.14 million during the quarter, compared to analyst estimates of $253.45 million. Equities analysts expect that Bank Ozk will post 3.36 EPS for the current year.

A number of equities analysts recently commented on OZK shares. ValuEngine upgraded Bank Ozk from a “strong sell” rating to a “sell” rating in a report on Wednesday. Stephens set a $34.00 price target on Bank Ozk and gave the company a “hold” rating in a report on Thursday, July 11th. Finally, Morgan Stanley lowered their price target on Bank Ozk from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Bank Ozk presently has a consensus rating of “Hold” and a consensus target price of $32.82.

About Bank Ozk

Bank OZK provides retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.

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Dividend History for Bank Ozk (NASDAQ:OZK)

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