Bank OZK (NASDAQ:OZK) Declares $0.47 Dividend

Bank OZK (NASDAQ:OZK) announced a dividend on Wednesday, April 1st, NASDAQ Dividends reports. Shareholders of record on Monday, April 13th will be paid 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% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of Bank 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’s 50 day moving average price is $46.97 and its 200-day moving average price is $47.35. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. The firm has a market cap of $5.18 billion, a PE ratio of 7.51 and a beta of 0.93.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Tuesday, January 20th. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The company had revenue of $436.29 million for the quarter, compared to the consensus estimate of $434.68 million. Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.During the same quarter in the prior year, the company posted $1.56 EPS. Research analysts expect that Bank OZK will post 6.02 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in Bank OZK in the fourth quarter worth about $25,000. Root Financial Partners LLC bought a new stake in shares of Bank OZK in the 3rd quarter valued at approximately $27,000. BOKF NA bought a new stake in shares of Bank OZK in the 3rd quarter valued at approximately $27,000. Highline Wealth Partners LLC purchased a new position in shares of Bank OZK in the 3rd quarter worth approximately $28,000. Finally, True Wealth Design LLC boosted its holdings in shares of Bank OZK by 147.0% in the 3rd quarter. True Wealth Design LLC now owns 568 shares of the company’s stock worth $29,000 after purchasing an additional 338 shares during the period. Institutional investors own 86.18% of the company’s stock.

About Bank OZK

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.