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

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 paid a dividend of 0.18 per share by the financial services provider on Wednesday, June 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, May 14th.

Home Bancshares, Inc. (Conway, AR) has raised its dividend by an average of 10.8% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Home Bancshares, Inc. (Conway, AR) has a dividend payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of HOMB opened at $24.52 on Friday. The company has a market cap of $4.93 billion, a PE ratio of 12.64 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $23.65 and a 200-day moving average price of $23.23. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $25.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. As a group, equities analysts forecast that Home Bancshares, Inc. will post 1.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HOMB shares. Piper Sandler boosted their target price on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Stephens boosted their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.00.

Insider Buying and Selling

In related news, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Brian Davis sold 20,544 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John W. Allison purchased 20,000 shares of the stock in a transaction dated Monday, February 5th. The shares were acquired at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the acquisition, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The disclosure for this purchase can be found here. 7.66% of the stock is owned by insiders.

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.