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 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, November 10th.

Home BancShares has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 15 years. Home BancShares has a dividend payout ratio of 39.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

HOMB opened at $29.89 on Friday. The stock has a fifty day moving average price of $29.39 and a 200 day moving average price 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 1 year low of $25.50 and a 1 year high of $31.70. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 12.25 and a beta of 0.73.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $288.44 million during the quarter, compared to the consensus estimate of $294.42 million. Home BancShares had a return on equity of 11.14% and a net margin of 32.36%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. Analysts forecast that Home BancShares will post 2.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director John W. Allison II sold 13,500 shares of Home BancShares stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $30.06, for a total value of $405,810.00. Following the transaction, the director owned 636,495 shares of the company’s stock, valued at $19,133,039.70. This trade represents a 2.08% decrease in their ownership of the stock. 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Home BancShares by 15.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,869 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 387 shares during the last quarter. Parallel Advisors LLC lifted its stake in Home BancShares by 62.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,620 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 623 shares during the last quarter. Everhart Financial Group Inc. grew its holdings in Home BancShares by 3.0% during the third quarter. Everhart Financial Group Inc. now owns 22,621 shares of the financial services provider’s stock worth $637,000 after purchasing an additional 654 shares during the period. Covestor Ltd grew its holdings in Home BancShares by 70.2% during the third quarter. Covestor Ltd now owns 1,935 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 798 shares during the period. Finally, State of Michigan Retirement System grew its holdings in Home BancShares by 1.9% during the first quarter. State of Michigan Retirement System now owns 44,030 shares of the financial services provider’s stock worth $1,186,000 after purchasing an additional 800 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

About Home BancShares

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.