OZK: Florida construction/development loan
Nice close at $41.62 on over 2.6 million shares = up $2.44
Earnings coming up / probably another dividend increase, imo
Bendita aqui Arkansanian amigas!/amigos!
Nice decrease in shares sold short:
November 15/22 - 4,040,000 shares short
October 31/22 - 4,770,000 shares short
Decrease of 730,000 short to Nov.15/22
More GREAT NEWS from Bank OZK:
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.
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.
Pass the GRITS please.
Thanksgiv'in is just around the corner, i can smell it already!
GOLDEN CROSS BEAR!!
Check it out here:
Your welcome y'all... Arkansanian bros, and especialmente los brro-ettes.
Dios te ama amigos!
VOLUME A RRRIPPPP'INN!!
Volume today 3x normal daily at 2,362,664 shares trading hands
Close at $42.98 - no change
CFR sitt'in at $155 - just say'in y'all.... Arkansanian bro's / broettes
Looks like a smart guy:
Your welcome bro.
What a performance today!
Closed at $42.03 + $1.94
Check this out here: ( this could be a prelude advertisement for a possible takeover, imo )
Bank OZK is a respected and profitable banking organization, noted for its excellent loan and deposit growth, asset quality and earnings.
Named Overall Top Performer in Bank Director’s 2021 Performance Powerhouse Study
One of the highest capitalized banks in the U.S. in 2020 according to data from S&P Global
Best Bank in the South, Money Magazine 2020 Link
Forbes America’s Best Banks 2019, 2020, 2021, 2022 Link
Forbes The World’s Best Banks 2019, 2020, 2021, 2022 Link
Bank OZK has also been recognized as the top performing bank in the nation in its asset size 13 times in recent years (2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018).
George Gleason is Chairman and CEO; Gleason has acted in that role since 1979.
Mr. Gleason was named American Banker magazine's Community Banker of the Year, 2010.
Charter dates back to 1903 in Jasper, Arkansas.
Publicly traded company on the Nasdaq Global Select Market, symbol OZK.
All information prior to June 26, 2017 refers to Bank of the Ozarks, Inc.
Changed name from Bank of the Ozarks to Bank OZK on July 16, 2018.
Interesting article on 601W Companies:
It appears that somebody ( perhaps in Texas) is getting up in the morn'in ( Wednesday to Friday) and slapping the assk hard.
Didn't get enough Friday morning and went back in the afternoon to close out the day - for more assk.
Next week should be interest'in folks!!
Take a look at the 5 day chart here:
I duly appreciate you taking the time to look into that with your VP friend, now we both know where Bank OZK stands on that subject.
However, even though Bank OZK may not be "for sale" per say, that doesn't mean to say that other banks such as CFR are not watching and taking note of Bank OZK's business activities, imo.
I appreciate being part of Bank OZK as a shareholder. This bank appears to be well managed, efficient, and undertaking high profile projects (some just recently announced). Long term investment, imo.
Gave you a follow mark in appreciation of your due diligence.
I am an Arkansan and friends with a VP. Bank OZK is not for sale.
Another stellar quarter here at Bank OZK.
OZK might just be a buyout candidate, imo. Would be a goof fit with CFR.
Bank OZK (the “Bank”) (Nasdaq: OZK) today announced that net income for the fourth quarter of 2019 was $100.8 million, a 12.4% decrease from $115.0 million for the fourth quarter of 2018. Diluted earnings per common share for the fourth quarter of 2019 were $0.78, a 12.4% decrease from $0.89 for the fourth quarter of 2018.
For the full year of 2019, net income was $425.9 million, a 2.1% increase from $417.1 million for the full year of 2018. Diluted earnings per common share for the full year of 2019 were $3.30, a 1.9% increase from $3.24 for the full year of 2018.