Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Plans $0.20 Quarterly Dividend

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) declared a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Shareholders of record on Wednesday, November 13th will be paid a dividend of 0.195 per share by the financial services provider on Wednesday, December 4th. This represents a $0.78 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, November 13th.

Home Bancshares, Inc. (Conway, AR) has increased its dividend payment by an average of 10.8% annually over the last three years and has raised its dividend every year for the last 14 years. Home Bancshares, Inc. (Conway, AR) has a dividend payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Home Bancshares, Inc. (Conway, AR) to earn $2.14 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 36.4%.

Home Bancshares, Inc. (Conway, AR) Stock Performance

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $30.95 on Tuesday. The company has a market capitalization of $6.15 billion, a PE ratio of 15.95 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91. The company has a 50-day simple moving average of $27.16 and a two-hundred day simple moving average of $25.77. Home Bancshares, Inc. has a one year low of $20.45 and a one year high of $31.31.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The company had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. During the same quarter last year, the company earned $0.47 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Research analysts expect that Home Bancshares, Inc. will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HOMB shares. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Stephens upped their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, Piper Sandler upped their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.25.

Insider Activity

In other news, Director Jack Engelkes sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the transaction, the director now owns 199,195 shares in the company, valued at $5,999,753.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Jack Engelkes sold 25,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the transaction, the director now directly owns 199,195 shares of the company’s stock, valued at approximately $5,999,753.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at approximately $104,664.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Company Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.