Home BancShares, Inc. (NYSE:HOMB) Increases Dividend to $0.23 Per Share

Home BancShares, Inc. (NYSE:HOMB) declared a quarterly dividend on Wednesday, July 22nd. 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) annualized dividend 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%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Home BancShares has a dividend payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities 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%.

Home BancShares Stock Down 0.0%

HOMB stock opened at $30.41 on Thursday. Home BancShares has a 12-month low of $25.50 and a 12-month high of $31.18. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 12.56 and a beta of 0.68. The company has a 50 day moving average of $27.93 and a two-hundred day moving average of $27.87.

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 net margin of 32.10% and a return on equity of 11.25%. The business had revenue of $295.10 million for the quarter, compared to analysts’ expectations of $288.70 million. During the same period in the previous year, the company posted $0.58 EPS. Home BancShares’s revenue was up 8.9% on a year-over-year basis. On average, equities analysts anticipate that Home BancShares will post 2.51 earnings per share 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.