Home BancShares, Inc. (HOMB) Plans Dividend Increase – $0.11 Per Share
Home BancShares, Inc. (NASDAQ:HOMB) declared a quarterly dividend on Monday, July 24th, Zacks reports. Stockholders of record on Wednesday, August 16th will be given a dividend of 0.11 per share by the financial services provider on Wednesday, September 6th. This represents a $0.44 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, August 14th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.09.
Home BancShares (HOMB) opened at 24.78 on Tuesday. Home BancShares has a 1-year low of $19.74 and a 1-year high of $29.69. The stock has a market capitalization of $3.55 billion, a PE ratio of 18.56 and a beta of 1.19. The stock’s 50 day moving average price is $24.70 and its 200 day moving average price is $25.99.
Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. The firm had revenue of $131.77 million during the quarter, compared to analyst estimates of $132.18 million. During the same period last year, the company earned $0.31 EPS. On average, equities research analysts predict that Home BancShares will post $1.38 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the company. Piper Jaffray Companies reissued a “hold” rating and set a $27.00 price target on shares of Home BancShares in a research note on Friday. Keefe, Bruyette & Woods reissued a “buy” rating and set a $30.00 price target on shares of Home BancShares in a research note on Friday. BidaskClub lowered Home BancShares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. ValuEngine raised Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Merion Capital Group reissued a “neutral” rating and set a $28.50 price target on shares of Home BancShares in a research note on Monday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Home BancShares presently has a consensus rating of “Hold” and a consensus target price of $29.30.
In other news, insider Tracy French bought 2,300 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was acquired at an average cost of $23.79 per share, with a total value of $54,717.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jim F. Haynes, Jr. sold 1,500 shares of Home BancShares stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $25.50, for a total value of $38,250.00. The disclosure for this sale can be found here. Insiders own 11.27% of the company’s stock.
Home BancShares Company Profile
Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).
Receive News & Ratings for Home BancShares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home BancShares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.