Home BancShares, Inc. (NYSE:HOMB) Increases Dividend to $0.21 Per Share

Home BancShares, Inc. (NYSE:HOMB) declared a quarterly dividend on Wednesday, October 22nd. Investors of record on Wednesday, November 12th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, December 3rd. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, November 12th. This is a 5.0% increase from Home BancShares’s previous quarterly dividend of $0.20.

Home BancShares has a dividend payout ratio of 34.6% indicating that 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 $0.80 annual dividend with an expected future payout ratio of 35.9%.

Home BancShares Trading Down 0.6%

HOMB stock opened at $27.03 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 0.90. The company’s 50-day simple moving average is $28.70 and its 200 day simple moving average is $28.34. Home BancShares has a 52 week low of $24.22 and a 52 week high of $32.90. The company has a market capitalization of $5.33 billion, a PE ratio of 11.65 and a beta of 0.78.

Home BancShares (NYSE:HOMB) last released its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Home BancShares had a net margin of 31.20% and a return on equity of 10.94%. The business had revenue of $277.70 million for the quarter, compared to the consensus estimate of $269.96 million. During the same period in the prior year, the company posted $0.50 earnings per share. Home BancShares’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Home BancShares will post 2.19 earnings per share for the current year.

Home BancShares Company Profile

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.