Home BancShares, Inc. (NYSE:HOMB) Declares Quarterly Dividend of $0.21

Home BancShares, Inc. (NYSE:HOMB) announced a quarterly dividend on Wednesday, April 22nd. Investors of record on Wednesday, May 13th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, May 13th.

Home BancShares has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 15 years. Home BancShares has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Home BancShares to earn $2.57 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 32.7%.

Home BancShares Price Performance

Home BancShares stock opened at $26.66 on Thursday. Home BancShares has a 12-month low of $25.67 and a 12-month high of $30.83. The stock has a market cap of $5.24 billion, a P/E ratio of 10.97 and a beta of 0.75. The company has a 50-day moving average price of $27.49 and a 200 day moving average price of $27.90. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18.

Home BancShares (NYSE:HOMB) last released its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The firm had revenue of $266.71 million during the quarter, compared to analysts’ expectations of $274.06 million. During the same period last year, the business earned $0.56 earnings per share. Home BancShares’s revenue was up 2.5% compared to the same quarter last year. Sell-side analysts anticipate that Home BancShares will post 2.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Stephens lowered their target price on shares of Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Wall Street Zen lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Zacks Research lowered shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Piper Sandler set a $33.00 target price on shares of Home BancShares and gave the stock an “overweight” rating in a research note on Friday, April 17th. Finally, Royal Bank Of Canada set a $31.00 target price on shares of Home BancShares in a research note on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

Home BancShares Company Profile

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.