Bank Ozk (NASDAQ:OZK) declared a quarterly dividend on Thursday, October 1st, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Thursday, October 8th. This is an increase from Bank Ozk’s previous quarterly dividend of $0.27.
Shares of OZK traded up $0.39 during trading hours on Friday, hitting $22.08. The company had a trading volume of 1,577,948 shares, compared to its average volume of 1,170,916. The firm has a fifty day moving average price of $22.87 and a 200-day moving average price of $22.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 10.66 and a beta of 2.00. Bank Ozk has a 52-week low of $14.20 and a 52-week high of $31.76.
Bank Ozk (NASDAQ:OZK) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. Bank Ozk had a return on equity of 6.49% and a net margin of 21.95%. The company had revenue of $238.18 million during the quarter, compared to the consensus estimate of $234.50 million. Research analysts anticipate that Bank Ozk will post 1.67 earnings per share for the current fiscal year.
Several equities research analysts recently commented on OZK shares. Piper Sandler lifted their price objective on Bank Ozk from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Raymond James upgraded Bank Ozk from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a report on Wednesday, June 17th. Morgan Stanley lifted their price objective on Bank Ozk from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. BidaskClub downgraded Bank Ozk from a “hold” rating to a “sell” rating in a report on Friday, August 28th. Finally, Citigroup downgraded Bank Ozk from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $24.00 to $26.00 in a report on Wednesday, June 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Bank Ozk presently has an average rating of “Hold” and a consensus price target 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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