Home Bancshares Inc (HOMB) Plans $0.11 Quarterly Dividend

Home Bancshares Inc (NASDAQ:HOMB) declared a quarterly dividend on Wednesday, January 24th, Zacks reports. Shareholders of record on Wednesday, February 14th will be paid a dividend of 0.11 per share by the financial services provider on Wednesday, March 7th. This represents a $0.44 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, February 13th.

Shares of Home Bancshares (NASDAQ HOMB) traded up $0.06 during mid-day trading on Thursday, reaching $24.06. The company’s stock had a trading volume of 133,193 shares, compared to its average volume of 940,613. Home Bancshares has a one year low of $20.82 and a one year high of $29.69. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.03. The firm has a market capitalization of $4,134.20, a P/E ratio of 26.37 and a beta of 1.15.

Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Home Bancshares had a return on equity of 11.18% and a net margin of 21.79%. The company had revenue of $164.30 million for the quarter, compared to the consensus estimate of $165.40 million. During the same quarter last year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. sell-side analysts expect that Home Bancshares will post 1.77 earnings per share for the current fiscal year.

HOMB has been the subject of several research reports. BidaskClub raised Home Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Piper Jaffray Companies reissued a “hold” rating and issued a $26.00 price objective on shares of Home Bancshares in a research report on Tuesday, January 9th. Sandler O’Neill set a $26.00 price objective on Home Bancshares and gave the company a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research raised Home Bancshares from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $30.00 target price on shares of Home Bancshares in a research report on Friday, December 22nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.50.

In other news, Director Jim Rankin bought 1,337 shares of Home Bancshares stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of $21.45 per share, with a total value of $28,678.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.27% of the stock is owned by company insiders.

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About Home Bancshares

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).

Dividend History for Home Bancshares (NASDAQ:HOMB)

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