FACT-MASTER
1 day ago
OZK: Quarterly Dividend Increase
https://finance.yahoo.com/news/bank-ozk-announces-increase-quarterly-200100603.html
Bank OZK
Fifty-six consecutive quarters of increased quarterly cash dividend on its common stock
LITTLE ROCK, Ark., July 01, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of $0.40 per share, up $0.01, or 2.56% from the prior quarter. The common stock dividend is payable on July 19, 2024 to shareholders of record as of July 12, 2024. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-six quarters.
The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the Bank’s 4.625% Series A Non-Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”) (Nasdaq: OZKAP) for the period covering May 15, 2024 through, but excluding August 15, 2024. The Series A Preferred Stock dividend is payable on August 15, 2024, to the holders of record of the Series A Preferred Stock at the close of business on August 1, 2024.
Bank OZK’s consistent track record of increasing its common stock dividend has led to it being included in the S&P High Yield Dividend Aristocrats® index (Ticker: SPHYDA) since January 2018. The index consists of members of the S&P Composite 1500® that have followed a managed-dividends policy of consistently increasing common stock dividends every year for at least 20 years, and that meet minimum float-adjusted market capitalization and liquidity requirements. For more information on the index, visit www.spglobal.com/spdji.
GENERAL INFORMATION
Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations in approximately 240 offices in eight states including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California and Mississippi and had $36.03 billion in total assets as of March 31, 2024. For more information, visit www.ozk.com.
The Bank files annual, quarterly and current reports, proxy materials, and other information required by the Securities Exchange Act of 1934 with the Federal Deposit Insurance Corporation (“FDIC”), copies of which are available electronically at the FDIC’s website at https://efr.fdic.gov/fcxweb/efr/index.html and are also available on the Bank’s investor relations website at ir.ozk.com. To receive automated email alerts for these materials please visit https://ir.ozk.com/other/email-alerts to sign up.
FACT-MASTER
1 month ago
Thanks for all of your thoughts.
I try not to lean into conspiracy theories, however in this instance, there's something here that really reeks of a purpose driven, orchestrated phony take down for a specific reason.
1. somebody wants cheaper shares
2. somebody short wants to cover
Take a look here:
https://www.morningstar.com/news/marketwatch/20240529243/bank-ozk-rating-cut-to-sell-from-buy-at-citi-on-trepidation-over-two-loans
"Given that Bank OZK may have to increase its loan loss provision - which is an expense set aside as an allowance for uncollected loans and loan payments - Gerlinger cut his earnings estimates for the company.
He lowered his fiscal 2024 earnings estimate by about 5% to $5.94 a share, while the FactSet consensus estimate is currently $6.13 a share.
Gerlinger cut his 2025 earnings outlook by 8% to $6.41 a share, compared to the FactSet estimate of $6.36 a share."
...and that's worth a $6 haircut?? ( 15%) and OZK deserves to trade at a forward P/E of 6.5?
There is no way the market would "normally" react the way it did to the above analysis. MM were in on it, imo and wanted the stock to tank, no question about it imo.
I have had personal business experience with the brilliant, honest, and intelligent people of Arkansas,
Huggy Bear
1 month ago
First off Motley Fool is a publication for Fools.
Secondly, that was a chain reaction from ONE analyst - and they have biases like everyone else. Plus his analysis is sloppy - OZK has one of the highest Tier 1 ratios in the mid cap banking industry and has done nothing but outperform for the last 20 years. The loan risk is exaggerated and it's a minor slice of their loan portfolio. I am personally friends with a senior executive VP who moved over from Bank of America 17 years ago, I have had my finger on the pulse here for over twenty years, and my money ( an 11% overall slice of retirement accounts ).
Well, that slice is now 13.5% as of today. I shifted out minor percentages from significantly over performing positions that I don't feel have the upside potential that OZK has in this bear raid.
I am maintaining my very conservative 2024 Fair Value of 60 per share, and that is a mere P/E of 10.
When the confidence in the overall industry is high commonly seen P/E ratios are 15, and higher in many instances.
I understand that the collapses of other mid cap banks recently ( last two years ) eroded the general trust in the industry. But everything is situational in the market, so I'm not phased by today's response to the bearish take by one rogue analyst.
I will tell you this in closing. In 2006- 2007 OZK refused to participate in the sub prime mortgage disaster looming. They escaped unscathed. In fact, stronger than ever.
There are a few incredibly intelligent people in the much misaligned state of Arkansas.
FACT-MASTER
2 months ago
OZK: Article of interest/Zack's Research
https://finance.yahoo.com/news/bank-ozk-ozk-great-momentum-160009239.html
Zacks Equity Research
Mon, May 6, 2024 at 11:00 AM CDT·4 min read
In this article:
OZK
-0.59%
Watchlist
Watchlist
Patternyahoo finance plus locked badge
Neutral
trade type U
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Bank OZK (OZK), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Bank OZK currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if OZK is a promising momentum pick, let's examine some Momentum Style elements to see if this bank holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For OZK, shares are up 1.59% over the past week while the Zacks Banks - Northeast industry is up 1.59% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 5.82% compares favorably with the industry's 0.59% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Bank OZK have risen 9.87%, and are up 40.22% in the last year. In comparison, the S&P 500 has only moved 3.78% and 27.1%, respectively.
Investors should also take note of OZK's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, OZK is averaging 1,199,850 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with OZK.
Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost OZK's consensus estimate, increasing from $5.93 to $6.04 in the past 60 days. Looking at the next fiscal year, 5 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that OZK is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Bank OZK on your short list.
FACT-MASTER
3 months ago
OZK: 1st quarter results - April 17/24
https://finance.yahoo.com/news/bank-ozk-announces-date-first-200100194.html
Bank OZK
LITTLE ROCK, Ark., March 28, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) expects to report its first quarter 2024 earnings after the market closes on Wednesday, April 17, 2024. Management’s comments on the first quarter of 2024 will be released simultaneously with the earnings press release and will be available on the Bank’s investor relations website.
Management will conduct a conference call to take questions at 9:00 a.m. CT (10:00 a.m. ET) on Thursday, April 18, 2024. Interested parties may access the conference call live via webcast on the Bank’s investor relations website at https://ir.ozk.com/news/event-calendar, or may participate via telephone by registering using this online form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN number that can be used to access the call. A replay of the conference call webcast will be archived on the Bank's website for at least 30 days.
GENERAL INFORMATION
Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations in approximately 240 offices in eight states including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California and Mississippi and had $34.24 billion in total assets as of December 31, 2023. For more information, visit www.ozk.com.
The Bank files annual, quarterly and current reports, proxy materials, and other information required by the Securities Exchange Act of 1934 with the Federal Deposit Insurance Corporation (“FDIC”), copies of which are available electronically at the FDIC’s website at https://efr.fdic.gov/fcxweb/efr/index.html and are also available on the Bank’s investor relations website at ir.ozk.com. To receive automated email alerts for these materials please visit https://ir.ozk.com/other/email-alerts to sign up.
FACT-MASTER
3 months ago
OZK: https://www.nasdaq.com/articles/ozk-named-top-25-safe-dividend-stock-increasing-payments-for-decades-0
OZK Named Top 25 SAFE Dividend Stock Increasing Payments For Decades
March 26, 2024 — 07:20 am EDT
Written by BNK Invest for BNK Invest ->
Bank OZK (Symbol: OZK) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.5% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, Bank OZK is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.31% of the SPDR S&P Dividend ETF (SDY), which holds $63,808,412 worth of OZK shares.
Bank OZK (Symbol: OZK) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by Bank OZK is $1.52/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/15/2024. Below is a long-term dividend history chart for OZK, which the report stressed as being of key importance.
OZK+Dividend+History+Chart
OZK operates in the Banking & Savings sector, among companies like JPMorgan Chase & Co (JPM), and Bank of America Corp (BAC).
FACT-MASTER
5 months ago
OZK: Zacks Equity Research
https://finance.yahoo.com/news/bank-ozk-ozk-could-great-164505071.html
Zacks Equity Research
Mon, February 5, 2024 at 10:45 AM CST·2 min read
In this article:
OZK
-2.05%
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Bank OZK in Focus
Bank OZK (OZK) is headquartered in Little Rock, and is in the Finance sector. The stock has seen a price change of -13.93% since the start of the year. The bank is paying out a dividend of $0.38 per share at the moment, with a dividend yield of 3.54% compared to the Banks - Northeast industry's yield of 2.83% and the S&P 500's yield of 1.61%.
Taking a look at the company's dividend growth, its current annualized dividend of $1.52 is up 7% from last year. In the past five-year period, Bank OZK has increased its dividend 5 times on a year-over-year basis for an average annual increase of 10.36%. Any future dividend growth will depend on both earnings growth and the company's payout ratio; a payout ratio is the proportion of a firm's annual earnings per share that it pays out as a dividend. Right now, Bank OZK's payout ratio is 25%, which means it paid out 25% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, OZK expects solid earnings growth. The Zacks Consensus Estimate for 2024 is $5.94 per share, representing a year-over-year earnings growth rate of 1.19%.
Bottom Line
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. However, not all companies offer a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, OZK is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold).
FACT-MASTER
5 months ago
OZK: Article of interest:
https://finance.yahoo.com/news/investors-undervaluing-midland-states-bancorp-144011864.html
Bank OZK (OZK) may be another strong Banks - Northeast stock to add to your shortlist. OZK is a # 2 (Buy) stock with a Value grade of A.
Additionally, Bank OZK has a P/B ratio of 1.06 while its industry's price-to-book ratio sits at 1.32. For OZK, this valuation metric has been as high as 1.40, as low as 0.87, with a median of 1.03 over the past year.
These are only a few of the key metrics included in Midland States Bancorp and Bank OZK strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, MSBI and OZK look like an impressive value stock at the moment.
FACT-MASTER
6 months ago
OZK: Increase in Cash Dividend on Common Stock declared / Preferred Dividend declared
Happy New Year BEAR!
https://www.stocktitan.net/news/OZK/bank-ozk-announces-increase-to-quarterly-common-stock-dividend-and-onltft9xfo7m.html
LITTLE ROCK, Ark., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of $0.38 per share, up $0.01, or 2.70% from the prior quarter. The common stock dividend is payable on January 23, 2024 to shareholders of record as of January 16, 2024. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-four quarters.
The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the Bank’s 4.625% Series A Non-Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”) (Nasdaq: OZKAP) for the period covering November 15, 2023 through, but excluding February 15, 2024. The Series A Preferred Stock dividend is payable on February 15, 2024, to the holders of record of the Series A Preferred Stock at the close of business on February 1, 2024.
Bank OZK’s consistent track record of increasing its common stock dividend has led to it being included in the S&P High Yield Dividend Aristocrats® index (Ticker: SPHYDA) since January 2018. The index consists of members of the S&P Composite 1500® that have followed a managed-dividends policy of consistently increasing common stock dividends every year for at least 20 years, and that meet minimum float-adjusted market capitalization and liquidity requirements. For more information on the index, visit www.spglobal.com/spdji.
FACT-MASTER
2 years ago
More GREAT NEWS from Bank OZK:
https://ir.ozk.com/news-releases/news-release-details/bank-ozk-announces-300-million-stock-repurchase-program
LITTLE ROCK, Ark., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) today announced that its Board of Directors approved a new stock repurchase program pursuant to which the Bank may repurchase up to $300 million of its outstanding common stock (the “Repurchase Program”). The Bank’s previous stock repurchase program expired on November 4, 2022.
The Repurchase Program, which has received all required regulatory approval, will expire on the earlier to occur of: (i) the Bank repurchasing shares of its common stock at an aggregate cost of $300 million, or (ii) November 9, 2023. The Repurchase Program may be suspended or discontinued at any time. Repurchases may be made at management’s discretion from time to time on the open market, through privately negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Securities Exchange Act of 1934. The number of shares to be repurchased and the timing of repurchases will be based on a variety of factors, including the Bank’s capital position, expected growth, alternative uses of capital, liquidity, financial performance, stock price, current and expected macroeconomic environment, regulatory requirements and other factors.
GENERAL INFORMATION
Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations through over 240 offices in eight states including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California and Mississippi and had $26.23 billion in total assets as of September 30, 2022. Bank OZK can be found at www.ozk.com and on Facebook, Twitter and LinkedIn or contacted at (501) 978-2265 or P.O. Box 8811, Little Rock, Arkansas 72231-8811.
CAUTION ABOUT FORWARD-LOOKING STATEMENTS
This release and certain other communications by the Bank contain statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from the Bank’s present expectations. Additional information regarding these risks and uncertainties is contained in the Bank’s filings with the Federal Deposit Insurance Corporation. Undue reliance should not be placed on such forward-looking statements, as such statements speak only as of the date on which they are made and the Bank undertakes no obligation to update such statements.
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