Home BancShares, Inc. (HOMB) to Issue Quarterly Dividend of $0.23 on September 2nd

Home BancShares, Inc. (NYSE:HOMB – Get Free Report) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Wednesday, August 12th will be paid a dividend of 0.23 per share by the financial services provider on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a 9.5% increase from Home BancShares’s previous quarterly dividend of $0.21.

Home BancShares has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. Home BancShares has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Home BancShares to earn $2.55 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 32.9%.

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Home BancShares Price Performance

NYSE:HOMB opened at $30.69 on Friday. The company has a 50-day moving average of $28.03 and a 200-day moving average of $27.89. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 12.68 and a beta of 0.68. Home BancShares has a 52 week low of $25.50 and a 52 week high of $31.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.92.

Home BancShares (NYSE:HOMB – Get Free Report) last posted its earnings results on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Home BancShares had a net margin of 32.10% and a return on equity of 11.25%. The company had revenue of $295.10 million during the quarter, compared to analysts’ expectations of $288.70 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. Home BancShares’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Home BancShares will post 2.51 earnings per share for the current fiscal year.

About Home BancShares

(Get Free Report)

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.

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