Home Bancshares, Inc. (Conway, AR) (HOMB) To Go Ex-Dividend on February 13th

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) announced a quarterly dividend on Wednesday, January 24th, Zacks reports. Shareholders of record on Wednesday, February 14th will be given a dividend of 0.18 per share by the financial services provider on Wednesday, March 6th. This represents a $0.72 annualized dividend and a yield of 2.91%. The ex-dividend date is Tuesday, February 13th.

Home Bancshares, Inc. (Conway, AR) has raised its dividend payment by an average of 10.8% per year over the last three years and has increased its dividend every year for the last 13 years. Home Bancshares, Inc. (Conway, AR) has a dividend payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Home Bancshares, Inc. (Conway, AR) to earn $1.97 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 36.5%.

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

HOMB stock traded up $0.08 during trading hours on Friday, hitting $24.70. 149,059 shares of the stock were exchanged, compared to its average volume of 949,140. The company has a 50-day simple moving average of $23.99 and a two-hundred day simple moving average of $22.77. The firm has a market capitalization of $4.98 billion, a P/E ratio of 12.73 and a beta of 1.13. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $25.80.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In related news, Director James Pat Hickman sold 60,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $25.38, for a total value of $1,522,800.00. Following the completion of the transaction, the director now owns 238,497 shares in the company, valued at $6,053,053.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

Large investors have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $63,000. Money Concepts Capital Corp bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $72,000. Point72 Middle East FZE bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $136,000. FMR LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 18.7% in the second quarter. FMR LLC now owns 6,667 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 1,051 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the first quarter worth $190,000. 64.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HOMB has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, January 19th. StockNews.com initiated coverage on Home Bancshares, Inc. (Conway, AR) in a report on Thursday, October 5th. They set a “sell” rating for the company. Piper Sandler upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Citigroup started coverage on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, December 1st. They issued a “neutral” rating and a $23.00 target price for the company. Finally, Stephens lowered their price objective on Home Bancshares, Inc. (Conway, AR) from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.00.

Get Our Latest Stock Analysis on Home Bancshares, Inc. (Conway, AR)

About Home Bancshares, Inc. (Conway, AR)

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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.

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Dividend History for Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

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