Bank Ozk (NASDAQ:OZK) declared a quarterly dividend on Wednesday, July 1st, Zacks reports. Stockholders of record on Monday, July 13th will be given a dividend of 0.273 per share on Monday, July 20th. This represents a $1.09 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Friday, July 10th. This is a boost from Bank Ozk's previous quarterly dividend of $0.27.
Bank Ozk has a dividend payout ratio of 71.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bank Ozk to earn $2.19 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 49.3%.
Shares of Bank Ozk stock traded up $0.43 during trading on Friday, hitting $23.00. 1,626,092 shares of the company were exchanged, compared to its average volume of 1,269,670. The firm has a market capitalization of $2.97 billion, a P/E ratio of 9.06 and a beta of 2.05. Bank Ozk has a 1-year low of $14.20 and a 1-year high of $31.76. The firm's fifty day moving average price is $23.16 and its 200 day moving average price is $24.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.02 and a quick ratio of 1.02.
Bank Ozk (NASDAQ:OZK) last posted its earnings results on Thursday, April 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.61 by ($0.52). Bank Ozk had a return on equity of 8.02% and a net margin of 26.16%. The company had revenue of $237.46 million for the quarter, compared to analyst estimates of $233.73 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. As a group, equities research analysts anticipate that Bank Ozk will post 1.56 earnings per share for the current year.
Several equities research analysts have commented on the company. BidaskClub upgraded Bank Ozk from a "sell" rating to a "hold" rating in a research note on Saturday, June 6th. UBS Group upped their price objective on Bank Ozk from $17.50 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, May 15th. Raymond James upgraded Bank Ozk from a "market perform" rating to an "outperform" rating and set a $28.00 price objective on the stock in a research note on Wednesday, June 17th. ValuEngine upgraded Bank Ozk from a "strong sell" rating to a "sell" rating in a research note on Friday, April 24th. Finally, Stephens dropped their price objective on Bank Ozk from $25.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Monday, April 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. The company currently has a consensus rating of "Hold" and a consensus target price of $26.25.
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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