Home BancShares, Inc. (NYSE:HOMB) Shareholders to Collect $0.23 Quarterly Dividend

Home BancShares, Inc. (NYSE:HOMB) declared a quarterly dividend on Friday, October 16th. Investors of record on Wednesday, November 11th will be given a dividend of $0.23 per share by the financial services provider on Wednesday, December 2nd. This represents a $0.92 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, November 10th.

Home BancShares has increased 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 dividend payout ratio of 39.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Home BancShares to earn $2.57 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 35.8%.

Home BancShares Stock Performance

NYSE HOMB opened at $29.89 on Friday. The company has a market cap of $5.98 billion, a P/E ratio of 12.25 and a beta of 0.73. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a 50-day moving average of $29.39 and a two-hundred day moving average of $28.59. Home BancShares has a 1-year low of $25.50 and a 1-year high of $31.70.

Home BancShares (NYSE:HOMB) last released its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. Home BancShares had a return on equity of 11.14% and a net margin of 32.36%. The business had revenue of $288.44 million during the quarter, compared to analysts’ expectations of $294.42 million. During the same period in the prior year, the firm posted $0.61 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that Home BancShares will post 2.53 EPS for the current year.

About Home BancShares

Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal subsidiary, Centennial Bank, the company provides banking services to businesses, individuals and institutions, including commercial and consumer lending, residential and commercial real estate loans, deposit accounts, cash management and online banking services.

Centennial Bank serves customers through a network of financial centers and digital banking channels in markets across Arkansas, Florida, Alabama and Texas.