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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) declared a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders 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 dividend yield of 2.61%. The ex-dividend date of this dividend 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 increased its dividend every year for the last 14 years. Home Bancshares, Inc. (Conway, AR) has a dividend payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Home Bancshares, Inc. (Conway, AR) to earn $2.24 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 34.8%.

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

Shares of NYSE:HOMB traded down $0.21 on Wednesday, hitting $29.88. The company had a trading volume of 1,960,093 shares, compared to its average volume of 1,298,576. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $29.77 and a 200 day moving average price of $27.94. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 14.79 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. During the same quarter last year, the company posted $0.43 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Analysts expect that Home Bancshares, Inc. will post 2.17 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on HOMB. Stephens reissued an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Keefe, Bruyette & Woods increased their target price 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. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Hovde Group dropped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Finally, Piper Sandler raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

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

In other news, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the sale, the director now directly owns 199,195 shares in the company, valued at $5,999,753.40. The trade was a 11.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the sale, the chief accounting officer now owns 3,468 shares in the company, valued at $104,664.24. The trade was a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,997 shares of company stock valued at $2,782,548. 7.66% of the stock is owned by company insiders.

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.