Bank OZK (NASDAQ:OZKAP – Get Free Report) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 28,333 shares, an increase of 196.0% from the June 15th total of 9,571 shares. Based on an average daily trading volume, of 38,323 shares, the short-interest ratio is currently 0.7 days.
Bank OZK Stock Performance
Shares of OZKAP traded up $0.04 on Wednesday, reaching $16.36. 2,548 shares of the company’s stock traded hands, compared to its average volume of 27,004. The stock’s 50 day simple moving average is $16.28 and its two-hundred day simple moving average is $16.48. Bank OZK has a 52-week low of $15.76 and a 52-week high of $17.85.
Bank OZK Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be 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 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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