Home Bancshares, Inc. (Conway, AR) (HOMB) to Issue Quarterly Dividend of $0.20 on December 4th

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Wednesday, November 13th will be given a dividend of 0.195 per share by the financial services provider on Wednesday, December 4th. This represents a $0.78 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, November 13th.

Home Bancshares, Inc. (Conway, AR) has raised its dividend by an average of 10.8% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Home Bancshares, Inc. (Conway, AR) has a dividend payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Home Bancshares, Inc. (Conway, AR) to earn $2.13 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 36.6%.

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

Shares of NYSE HOMB opened at $27.16 on Friday. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $28.99. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. The company has a market cap of $5.44 billion, a P/E ratio of 14.00 and a beta of 1.05. The business’s 50 day moving average is $26.97 and its two-hundred day moving average is $25.40.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The company had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. During the same quarter in the previous year, the business posted $0.47 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts expect that Home Bancshares, Inc. will post 2.07 EPS for the current year.

Wall Street Analysts Forecast Growth

HOMB has been the subject of several research reports. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Stephens lifted their target price on shares of 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. Finally, Piper Sandler increased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has an average rating of “Hold” and an average target price of $28.25.

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.