Bank OZK (NASDAQ:OZKAP) Trading Down 1% – Here’s What Happened

Bank OZK (NASDAQ:OZKAP)’s share price dropped 1% during mid-day trading on Monday . The stock traded as low as $16.37 and last traded at $16.46. Approximately 31,857 shares changed hands during trading, an increase of 9% from the average daily volume of 29,099 shares. The stock had previously closed at $16.63.

Bank OZK Trading Down 1.0%

The stock’s 50-day simple moving average is $16.68 and its 200 day simple moving average is $16.88.

Bank OZK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.2891 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Monday, February 2nd.

Bank OZK Company Profile

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.