Home BancShares, Inc. (HOMB) to Issue Quarterly Dividend of $0.21 on June 3rd

Home BancShares, Inc. (NYSE:HOMB) announced a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Wednesday, May 13th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, June 3rd. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, May 13th.

Home BancShares has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Home BancShares has a dividend payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Home BancShares to earn $2.57 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 32.7%.

Home BancShares Stock Performance

NYSE:HOMB opened at $26.76 on Monday. Home BancShares has a 1-year low of $25.67 and a 1-year high of $30.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $5.39 billion, a P/E ratio of 11.01 and a beta of 0.69. The firm has a 50-day moving average of $27.07 and a two-hundred day moving average of $27.85.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The firm had revenue of $266.71 million for the quarter, compared to the consensus estimate of $274.06 million. During the same period in the prior year, the firm posted $0.56 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, research analysts expect that Home BancShares will post 2.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

HOMB has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $31.00 price objective on shares of Home BancShares in a research note on Monday, January 12th. Keefe, Bruyette & Woods reduced their price objective on shares of Home BancShares from $32.00 to $30.00 and set a “market perform” rating on the stock in a research note on Monday, April 20th. Piper Sandler set a $33.00 price objective on shares of Home BancShares and gave the company an “overweight” rating in a research note on Friday, April 17th. Zacks Research downgraded shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Wall Street Zen downgraded shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.40.

Home BancShares Company Profile

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.