Wednesday, April 3, 2013

OZRK Announces Dividend

OZRK announced a quarterly dividend of $0.17 continuing their 2.5 year trend of increasing dividends, marking 13.3% growth over last quarter. Earnings set to be released Monday. The stock is up about 15.5% over the last month and 44% since we acquired it last year. I have high expectations for the upcoming release and will work towards an updated model and price target (foresee a continued hold rating) soon.

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