Home BancShares, Inc. (HOMB) To Go Ex-Dividend on November 10th

Home BancShares, Inc. (NYSE:HOMB) declared a quarterly dividend on Friday, October 16th. Stockholders of record on Wednesday, November 11th will be given a dividend of $0.23 per share by the financial services provider on Wednesday, December 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, November 10th.

Home BancShares has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Home BancShares has a payout ratio of 39.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Home BancShares to earn $2.57 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 35.8%.

Home BancShares Stock Down 0.6%

Shares of NYSE:HOMB opened at $29.89 on Friday. The firm has a market cap of $5.98 billion, a PE ratio of 12.25 and a beta of 0.73. The company has a fifty day simple moving average of $29.39 and a 200 day simple moving average of $28.59. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.12. Home BancShares has a 12-month low of $25.50 and a 12-month high of $31.70.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $288.44 million for the quarter, compared to the consensus estimate of $294.42 million. Home BancShares had a net margin of 32.36% and a return on equity of 11.14%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. On average, equities research analysts anticipate that Home BancShares will post 2.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HOMB has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price target on Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, July 17th. Stephens upped their price objective on Home BancShares from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Hovde Group started coverage on Home BancShares in a research note on Tuesday, September 8th. They set an “outperform” rating and a $34.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home BancShares in a report on Tuesday. Finally, Citigroup decreased their target price on Home BancShares from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, October 19th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.57.

Home BancShares Company Profile

Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal subsidiary, Centennial Bank, the company provides banking services to businesses, individuals and institutions, including commercial and consumer lending, residential and commercial real estate loans, deposit accounts, cash management and online banking services.

Centennial Bank serves customers through a network of financial centers and digital banking channels in markets across Arkansas, Florida, Alabama and Texas.