Home Bancshares Inc (NASDAQ:HOMB) declared a quarterly dividend on Thursday, January 24th, Wall Street Journal reports. Stockholders of record on Wednesday, February 13th will be paid a dividend of 0.12 per share by the financial services provider on Wednesday, March 6th. This represents a $0.48 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Tuesday, February 12th.
Home Bancshares has increased its dividend payment by an average of 18.7% per year over the last three years and has increased its dividend every year for the last 8 years. Home Bancshares has a payout ratio of 27.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Home Bancshares to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 25.1%.
Shares of Home Bancshares stock opened at $18.90 on Monday. The company has a market cap of $3.27 billion, a PE ratio of 10.80 and a beta of 1.17. Home Bancshares has a 1-year low of $15.35 and a 1-year high of $25.23. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.05.
Home Bancshares (NASDAQ:HOMB) last issued its earnings results on Thursday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). The company had revenue of $163.79 million for the quarter, compared to analyst estimates of $171.60 million. Home Bancshares had a return on equity of 13.21% and a net margin of 38.11%. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, analysts expect that Home Bancshares will post 1.79 earnings per share for the current fiscal year.
HOMB has been the topic of several analyst reports. Piper Jaffray Companies set a $25.00 price target on shares of Home Bancshares and gave the company a “buy” rating in a research report on Monday, November 26th. Zacks Investment Research raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, December 29th. ValuEngine raised shares of Home Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday. BidaskClub lowered shares of Home Bancshares from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 13th. Finally, Citigroup reduced their price target on shares of Home Bancshares from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Home Bancshares has an average rating of “Buy” and an average price target of $25.50.
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, and money market accounts, as well as certificates of deposit.
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