Bank Ozk (OZK) Raises Dividend to $0.23 Per Share

Bank Ozk (NASDAQ:OZK) announced a quarterly dividend on Tuesday, April 2nd, Wall Street Journal reports. Investors of record on Monday, April 15th will be paid a dividend of 0.23 per share on Monday, April 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Friday, April 12th. This is an increase from Bank Ozk’s previous quarterly dividend of $0.22.

Shares of OZK stock opened at $32.22 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 0.74 and a beta of 1.92. Bank Ozk has a 52 week low of $21.02 and a 52 week high of $50.39.

Bank Ozk (NASDAQ:OZK) last announced its earnings results on Wednesday, April 17th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm had revenue of $249.96 million for the quarter, compared to the consensus estimate of $251.88 million. Bank Ozk had a net margin of 33.40% and a return on equity of 11.11%. During the same period last year, the company posted $0.88 EPS. On average, analysts forecast that Bank Ozk will post 3.48 EPS for the current year.

Several equities analysts have recently weighed in on OZK shares. Stephens reaffirmed a “hold” rating and set a $26.00 price target on shares of Bank Ozk in a research note on Thursday, January 17th. Barclays raised their target price on shares of Bank Ozk from $28.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, January 22nd. Brean Capital set a $38.00 target price on shares of Bank Ozk and gave the company a “buy” rating in a research note on Friday, January 18th. SunTrust Banks raised their target price on shares of Bank Ozk to $35.00 and gave the company a “hold” rating in a research note on Tuesday, January 22nd. Finally, Zacks Investment Research raised shares of Bank Ozk from a “sell” rating to a “hold” rating and set a $35.00 target price for the company in a research note on Monday, January 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $32.73.

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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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