Bank OZK (NASDAQ:OZKAP – Get Free Report) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 28,333 shares, a growth of 196.0% from the June 15th total of 9,571 shares. Based on an average daily volume of 38,323 shares, the days-to-cover ratio is currently 0.7 days.
Bank OZK Trading Up 1.1%
OZKAP stock traded up $0.18 during midday trading on Monday, reaching $16.32. The stock had a trading volume of 30,347 shares, compared to its average volume of 27,271. Bank OZK has a 52-week low of $15.76 and a 52-week high of $17.85. The company’s fifty day simple moving average is $16.30 and its 200 day simple moving average is $16.47.
Bank OZK Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a $0.2891 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, August 3rd.
Bank OZK Company Profile
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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