Home BancShares, Inc. (NYSE:HOMB) Stock to Pay Quarterly Dividend of $0.23

Home BancShares, Inc. (NYSE:HOMB) announced a quarterly dividend on Friday, October 16th. Stockholders of record on Wednesday, November 11th will be given a dividend of $0.23 per share by the financial services provider on Wednesday, December 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, November 10th.

Home BancShares has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 15 years. Home BancShares has a payout ratio of 39.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Home BancShares to earn $2.57 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 35.8%.

Home BancShares Stock Down 0.6%

Home BancShares stock opened at $29.89 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.92 and a quick ratio of 0.92. Home BancShares has a 1-year low of $25.50 and a 1-year high of $31.70. The company has a market cap of $5.98 billion, a PE ratio of 12.25 and a beta of 0.73. The stock’s 50 day moving average price is $29.39 and its 200 day moving average price is $28.59.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $288.44 million for the quarter, compared to analyst estimates of $294.42 million. Home BancShares had a return on equity of 11.14% and a net margin of 32.36%. Home BancShares’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 earnings per share. On average, sell-side analysts predict that Home BancShares will post 2.53 EPS for the current fiscal year.

About Home BancShares

Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal subsidiary, Centennial Bank, the company provides banking services to businesses, individuals and institutions, including commercial and consumer lending, residential and commercial real estate loans, deposit accounts, cash management and online banking services.

Centennial Bank serves customers through a network of financial centers and digital banking channels in markets across Arkansas, Florida, Alabama and Texas.