Home BancShares, Inc. (HOMB) To Go Ex-Dividend on February 11th

Home BancShares, Inc. (NYSE:HOMB) announced a quarterly dividend on Wednesday, January 21st. Investors of record on Wednesday, February 11th will be paid a dividend of 0.21 per share by the financial services provider on Wednesday, March 4th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, February 11th.

Home BancShares has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Home BancShares has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Home BancShares to earn $2.23 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 37.7%.

Home BancShares Trading Down 0.2%

HOMB stock opened at $29.37 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.90. Home BancShares has a 1-year low of $24.22 and a 1-year high of $31.27. The business has a 50 day simple moving average of $28.25 and a two-hundred day simple moving average of $28.39. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 12.19 and a beta of 0.78.

Home BancShares (NYSE:HOMB) last released its earnings results on Wednesday, January 14th. The financial services provider reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $282.09 million for the quarter, compared to the consensus estimate of $272.48 million. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Research analysts anticipate that Home BancShares will post 2.19 EPS for the current fiscal year.

Home BancShares Company Profile

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.