Bank Ozk (NASDAQ:OZK) announced a quarterly dividend on Thursday, October 1st, Zacks reports. Investors of record on Monday, October 12th will be given a dividend of 0.275 per share on Monday, October 19th. This represents a $1.10 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Thursday, October 8th. This is a boost from Bank Ozk’s previous quarterly dividend of $0.27.
OZK traded up $0.39 during midday trading on Friday, reaching $22.08. The company had a trading volume of 1,577,948 shares, compared to its average volume of 1,170,916. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average of $22.87 and a two-hundred day moving average of $22.05. The company has a market cap of $2.86 billion, a P/E ratio of 10.66 and a beta of 2.00. Bank Ozk has a 1 year low of $14.20 and a 1 year high of $31.76.
Bank Ozk (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $238.18 million during the quarter, compared to analysts’ expectations of $234.50 million. Bank Ozk had a return on equity of 6.49% and a net margin of 21.95%. On average, equities research analysts predict that Bank Ozk will post 1.67 EPS for the current year.
A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Bank Ozk from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Citigroup lowered Bank Ozk from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $24.00 to $26.00 in a research note on Wednesday, June 17th. Piper Sandler upped their price objective on Bank Ozk from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Raymond James raised Bank Ozk from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Wednesday, June 17th. Finally, ValuEngine lowered Bank Ozk from a “sell” rating to a “strong sell” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Bank Ozk currently has a consensus rating of “Hold” and an average target price of $25.50.
Bank Ozk Company Profile
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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