Home BancShares, Inc. (HOMB) To Go Ex-Dividend on August 12th

Home BancShares, Inc. (NYSE:HOMB) announced a quarterly dividend on Friday, July 17th. Shareholders of record on Wednesday, August 12th will be given 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 yield of 3.0%. The ex-dividend date is Wednesday, August 12th. This is a 9.5% increase from Home BancShares’s previous quarterly dividend of $0.21.

Home BancShares has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 15 consecutive years. Home BancShares has a dividend payout ratio of 39.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Home BancShares to earn $2.55 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 36.1%.

Home BancShares Stock Performance

HOMB opened at $30.81 on Monday. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 12.73 and a beta of 0.69. The company’s 50 day simple moving average is $29.05 and its two-hundred day simple moving average is $28.09. Home BancShares has a 1-year low of $25.50 and a 1-year high of $31.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. Home BancShares had a return on equity of 11.25% and a net margin of 32.10%.The firm had revenue of $295.10 million during the quarter, compared to analysts’ expectations of $288.70 million. During the same quarter last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that Home BancShares will post 2.51 EPS for the current fiscal year.

Insider Activity at Home BancShares

In other news, CEO John Stephen Tipton sold 12,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $31.59, for a total transaction of $379,080.00. Following the completion of the transaction, the chief executive officer directly owned 76,308 shares in the company, valued at approximately $2,410,569.72. This represents a 13.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.39% of the stock is currently owned by company insiders.

Institutional Trading of Home BancShares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC boosted its stake in Home BancShares by 164.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock worth $30,000 after buying an additional 674 shares during the period. Root Financial Partners LLC raised its stake in shares of Home BancShares by 76.9% in the 1st quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 474 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Home BancShares in the 4th quarter worth approximately $36,000. Covestor Ltd lifted its holdings in shares of Home BancShares by 110.6% in the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 697 shares during the last quarter. Finally, Binnacle Investments Inc boosted its position in shares of Home BancShares by 76.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 577 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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.