Bank OZK (NASDAQ:OZKAP – Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 16,250 shares, a decrease of 42.6% from the June 30th total of 28,333 shares. Based on an average trading volume of 24,212 shares, the days-to-cover ratio is presently 0.7 days.
Bank OZK Stock Performance
Shares of Bank OZK stock traded down $0.06 during midday trading on Friday, hitting $16.46. The company had a trading volume of 10,679 shares, compared to its average volume of 26,425. The company has a fifty day simple moving average of $16.28 and a 200 day simple moving average of $16.46. Bank OZK has a 12-month low of $15.76 and a 12-month high of $17.85.
Bank OZK Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.2891 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Monday, August 3rd.
About Bank OZK
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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