Bank OZK (NASDAQ:OZKAP) Trading Down 2% – Here’s Why

Bank OZK (NASDAQ:OZKAPGet Free Report)’s share price was down 2% on Tuesday . The company traded as low as $15.92 and last traded at $15.95. Approximately 90,250 shares were traded during trading, an increase of 234% from the average daily volume of 27,008 shares. The stock had previously closed at $16.27.

Bank OZK Price Performance

The company has a 50-day moving average price of $16.71 and a 200-day moving average price of $16.96.

Bank OZK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a $0.2891 dividend. This represents a $1.16 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Monday, November 3rd.

About Bank OZK

(Get Free Report)

Bank OZK, formerly Bank of the Ozarks until its rebranding in 2018, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank has expanded through both organic growth and strategic acquisitions to serve clients across the Southeast, Southwest and select Northern markets. Its operations include a network of branches and loan production offices in states such as Arkansas, Alabama, Florida, Georgia, North Carolina, New York, Texas and California.

The bank’s core business centers on specialty lending, with a particular focus on commercial real estate financing.

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