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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) declared a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Wednesday, February 12th will be given a dividend of 0.195 per share by the financial services provider on Wednesday, March 5th. This represents a $0.78 annualized dividend and a yield of 2.53%. The ex-dividend date is Wednesday, February 12th.

Home Bancshares, Inc. (Conway, AR) has raised its dividend payment by an average of 10.2% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Home Bancshares, Inc. (Conway, AR) has a dividend payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Home Bancshares, Inc. (Conway, AR) to earn $2.23 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 35.0%.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.0 %

Shares of HOMB stock opened at $30.86 on Monday. The company has a market cap of $6.14 billion, a PE ratio of 15.28 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $29.53 and its two-hundred day simple moving average is $28.39. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The company had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Hovde Group decreased their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Stephens reaffirmed an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Piper Sandler lifted their target price on 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.00.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, Director James Pat Hickman sold 63,997 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the completion of the sale, the director now owns 175,500 shares in the company, valued at $5,400,135. This trade represents a 26.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Allison acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the transaction, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The disclosure for this purchase can be found here. Insiders own 7.66% of the company’s stock.

About Home Bancshares, Inc. (Conway, AR)

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.