Home Bancshares Inc Declares Quarterly Dividend of $0.13 (NASDAQ:HOMB)

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Home Bancshares Inc (NASDAQ:HOMB) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Wednesday, November 13th will be given a dividend of 0.13 per share by the financial services provider on Wednesday, December 4th. This represents a $0.52 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, November 12th.

HOMB stock opened at $18.89 on Friday. The business has a 50 day moving average price of $18.70 and a 200 day moving average price of $18.67. Home Bancshares has a fifty-two week low of $15.35 and a fifty-two week high of $20.37. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 10.79 and a beta of 1.20. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.43.

Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.44. Home Bancshares had a return on equity of 12.22% and a net margin of 35.22%. The firm had revenue of $167.47 million for the quarter, compared to analyst estimates of $167.40 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. Home Bancshares’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Home Bancshares will post 1.72 EPS for the current year.

In other Home Bancshares news, Director Alex R. Lieblong sold 15,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $19.02, for a total transaction of $285,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Russell Davis Carter III sold 7,500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $18.94, for a total value of $142,050.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,000 shares of company stock worth $1,466,280. 8.70% of the stock is owned by company insiders.

A number of brokerages recently weighed in on HOMB. Zacks Investment Research lowered Home Bancshares from a “hold” rating to a “strong sell” rating in a report on Saturday. Piper Jaffray Companies set a $22.00 price objective on Home Bancshares and gave the stock a “buy” rating in a report on Friday, July 19th. Citigroup decreased their target price on Home Bancshares from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. TheStreet upgraded Home Bancshares from a “c+” rating to a “b-” rating in a research report on Friday, July 26th. Finally, Stephens set a $22.00 target price on Home Bancshares and gave the stock a “buy” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $21.50.

About Home Bancshares

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, NOW, demand, and money market accounts, as well as certificates of deposit.

Further Reading: Market Perform

Dividend History for Home Bancshares (NASDAQ:HOMB)

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