Bank OZK (OZK) To Go Ex-Dividend on July 12th

Bank OZK (NASDAQ:OZKGet Free Report) declared a quarterly dividend on Monday, July 1st, Zacks reports. Shareholders of record on Friday, July 12th will be paid a dividend of 0.40 per share on Friday, July 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Friday, July 12th. This is a boost from Bank OZK’s previous quarterly dividend of $0.39.

Bank OZK has increased its dividend by an average of 9.6% annually over the last three years and has raised its dividend every year for the last 28 years. Bank OZK has a payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank OZK to earn $6.32 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 25.3%.

Bank OZK Trading Up 2.5 %

Shares of Bank OZK stock opened at $41.07 on Wednesday. Bank OZK has a 12-month low of $34.76 and a 12-month high of $52.36. The stock has a market capitalization of $4.66 billion, a P/E ratio of 6.88 and a beta of 1.20. The company has a 50-day simple moving average of $42.70 and a 200 day simple moving average of $44.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.07. The company had revenue of $406.02 million during the quarter, compared to analyst estimates of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same quarter last year, the business posted $1.41 earnings per share. Research analysts expect that Bank OZK will post 6.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OZK has been the subject of several research reports. Stephens restated an “equal weight” rating and issued a $50.00 price objective on shares of Bank OZK in a research report on Thursday, May 30th. Citigroup downgraded Bank OZK from a “buy” rating to a “sell” rating and cut their price target for the company from $57.00 to $37.00 in a research note on Wednesday, May 29th. raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. Wells Fargo & Company cut their target price on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a report on Thursday, June 6th. Finally, Truist Financial decreased their price target on shares of Bank OZK from $47.00 to $41.00 and set a “hold” rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.14.

View Our Latest Research Report on OZK

Bank OZK Company Profile

(Get Free Report)

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.

Further Reading

Dividend History for Bank OZK (NASDAQ:OZK)

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