Bank OZK (OZK) To Go Ex-Dividend on April 13th

Bank OZK (NASDAQ:OZKGet Free Report) declared a dividend on Wednesday, April 1st, NASDAQ Dividends reports. Shareholders of record on Monday, April 13th will be given a dividend of 0.47 per share on Monday, April 20th. The ex-dividend date is Monday, April 13th.

Bank OZK has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 29 consecutive years. Bank OZK has a dividend payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank OZK to earn $6.75 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 27.3%.

Bank OZK Price Performance

Shares of OZK stock remained flat at $46.31 on Friday. 947,072 shares of the stock traded hands, compared to its average volume of 1,470,235. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.02 and a current ratio of 1.02. The company’s 50-day moving average is $46.97 and its 200 day moving average is $47.35. The company has a market cap of $5.18 billion, a PE ratio of 7.51 and a beta of 0.93.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.03). Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. The firm had revenue of $436.29 million during the quarter, compared to analysts’ expectations of $434.68 million. During the same quarter in the previous year, the company posted $1.56 EPS. As a group, research analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

About Bank OZK

(Get Free Report)

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.

Further Reading

Dividend History for Bank OZK (NASDAQ:OZK)

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