Bank OZK (NASDAQ:OZKAP) Shares Up 0.3% – Time to Buy?

Bank OZK (NASDAQ:OZKAP)’s stock price shot up 0.3% during trading on Tuesday . The stock traded as high as $16.28 and last traded at $16.28. 13,318 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 29,316 shares. The stock had previously closed at $16.23.

Bank OZK Stock Up 0.3%

The company’s fifty day simple moving average is $16.50 and its 200 day simple moving average is $16.73.

Bank OZK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a dividend of $0.2891 per share. The ex-dividend date is Friday, May 1st. This represents a $1.16 annualized dividend and a dividend yield of 7.1%.

About Bank OZK

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.