Bank Of The Ozarks Inc (OZRK) To Go Ex-Dividend on July 12th

Bank Of The Ozarks Inc (NASDAQ:OZRK) declared a quarterly dividend on Tuesday, July 3rd, Wall Street Journal reports. Investors of record on Friday, July 13th will be given a dividend of 0.20 per share by the financial services provider on Friday, July 20th. This represents a $0.80 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, July 12th. This is an increase from Bank Of The Ozarks’s previous quarterly dividend of $0.20.

Bank Of The Ozarks has raised its dividend payment by an average of 14.7% annually over the last three years and has raised its dividend every year for the last 7 years. Bank Of The Ozarks has a dividend payout ratio of 25.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank Of The Ozarks to earn $4.30 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 17.7%.

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NASDAQ OZRK opened at $45.56 on Friday. Bank Of The Ozarks has a twelve month low of $40.15 and a twelve month high of $53.70. The stock has a market cap of $5.80 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10.

Bank Of The Ozarks (NASDAQ:OZRK) last released its quarterly earnings data on Thursday, April 12th. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The company had revenue of $246.48 million for the quarter, compared to the consensus estimate of $246.11 million. Bank Of The Ozarks had a return on equity of 11.65% and a net margin of 40.54%. During the same period last year, the business posted $0.73 EPS. equities analysts anticipate that Bank Of The Ozarks will post 3.69 EPS for the current year.

A number of research firms have recently commented on OZRK. Zacks Investment Research upgraded Bank Of The Ozarks from a “sell” rating to a “hold” rating in a report on Monday, April 16th. Citigroup began coverage on Bank Of The Ozarks in a report on Monday, June 18th. They issued a “buy” rating and a $62.00 price objective on the stock. ValuEngine downgraded Bank Of The Ozarks from a “hold” rating to a “sell” rating in a report on Friday, June 29th. Brean Capital set a $64.00 price objective on Bank Of The Ozarks and gave the stock a “buy” rating in a report on Friday, April 13th. Finally, BidaskClub downgraded Bank Of The Ozarks from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $55.27.

About Bank Of The Ozarks

Bank of the Ozarks provides a range of 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.