Home BancShares, Inc. (NYSE:HOMB) to Issue $0.21 Quarterly Dividend

Home BancShares, Inc. (NYSE:HOMB) declared a quarterly dividend on Wednesday, January 21st. Investors of record on Wednesday, February 11th will be paid a dividend of 0.21 per share by the financial services provider on Wednesday, March 4th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, February 11th.

Home BancShares has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 15 years. Home BancShares has a dividend payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Home BancShares to earn $2.23 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 37.7%.

Home BancShares Stock Performance

NYSE:HOMB opened at $29.45 on Thursday. The company has a market cap of $5.79 billion, a P/E ratio of 12.22 and a beta of 0.78. The firm’s 50 day moving average is $28.21 and its two-hundred day moving average is $28.38. Home BancShares has a fifty-two week low of $24.22 and a fifty-two week high of $31.27. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.18.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $282.09 million during the quarter, compared to analysts’ expectations of $272.48 million. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. Analysts expect that Home BancShares will post 2.19 EPS for the current year.

Institutional Trading of Home BancShares

Large investors have recently bought and sold shares of the company. Binnacle Investments Inc lifted its holdings in Home BancShares by 76.7% in the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock worth $38,000 after buying an additional 577 shares in the last quarter. First Horizon Corp purchased a new stake in shares of Home BancShares during the third quarter worth about $43,000. Danske Bank A S acquired a new position in shares of Home BancShares in the third quarter worth about $57,000. Rothschild Investment LLC lifted its stake in shares of Home BancShares by 505.9% in the third quarter. Rothschild Investment LLC now owns 2,272 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 1,897 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Home BancShares by 4,480.3% in the second quarter. Hantz Financial Services Inc. now owns 2,794 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 2,733 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

About Home BancShares

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.