Home Bancshares, Inc. (Conway, AR) Announces Quarterly Dividend of $0.18 (NYSE:HOMB)

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.18 per share by the financial services provider on Wednesday, June 5th. This represents a $0.72 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, May 14th.

Home Bancshares, Inc. (Conway, AR) has increased its dividend by an average of 10.8% annually over the last three years and has raised its dividend every year for the last 13 years. Home Bancshares, Inc. (Conway, AR) has a payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Home Bancshares, Inc. (Conway, AR) to earn $1.99 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 36.2%.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.1 %

HOMB stock opened at $24.52 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.90. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The company has a fifty day moving average of $23.65 and a 200-day moving average of $23.23. The stock has a market capitalization of $4.93 billion, a PE ratio of 12.64 and a beta of 1.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The firm had revenue of $246.40 million during the quarter, compared to analysts’ expectations of $240.46 million. During the same quarter last year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, analysts expect that Home Bancshares, Inc. will post 1.93 EPS for the current year.

Analysts Set New Price Targets

HOMB has been the subject of a number of recent research reports. Stephens lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Piper Sandler lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

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

In related news, CFO Brian Davis sold 20,544 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the sale, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,186,987.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the transaction, the director now directly owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian Davis sold 20,544 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,186,987.84. The disclosure for this sale can be found here. 7.66% of the stock is owned by 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.