Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Plans Quarterly Dividend of $0.20

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Wednesday, November 13th will be paid a dividend of 0.195 per share by the financial services provider on Wednesday, December 4th. This represents a $0.78 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, November 13th.

Home Bancshares, Inc. (Conway, AR) has increased its dividend payment by an average of 10.8% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Home Bancshares, Inc. (Conway, AR) has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Home Bancshares, Inc. (Conway, AR) to earn $2.13 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 36.6%.

Home Bancshares, Inc. (Conway, AR) Stock Performance

NYSE:HOMB opened at $27.16 on Friday. The stock has a market capitalization of $5.44 billion, a P/E ratio of 14.00 and a beta of 1.05. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $28.99. The firm has a 50 day moving average of $26.97 and a 200-day moving average of $25.40.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). The business had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, sell-side analysts anticipate that Home Bancshares, Inc. will post 2.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HOMB shares. Piper Sandler boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Stephens upped their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.25.

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.