Bank OZK (NASDAQ:OZKAP) Trading Down 2% – Here’s What Happened

Bank OZK (NASDAQ:OZKAPGet Free Report) shares were down 2% during mid-day trading on Tuesday . The stock traded as low as $15.92 and last traded at $15.95. Approximately 90,250 shares changed hands during mid-day trading, an increase of 234% from the average daily volume of 27,008 shares. The stock had previously closed at $16.27.

Bank OZK Stock Performance

The firm has a 50 day moving average price of $16.69 and a two-hundred day moving average price of $16.96.

Bank OZK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a dividend of $0.2891 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Monday, November 3rd.

About Bank OZK

(Get Free Report)

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.

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