Home BancShares, Inc. (NASDAQ:HOMB) announced 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 1.88%. The ex-dividend date of this dividend is Monday, August 14th. This is a boost from Home BancShares’s previous quarterly dividend of $0.09.
Shares of Home BancShares (HOMB) opened at 23.40 on Friday. The company has a 50 day moving average of $24.67 and a 200-day moving average of $25.70. Home BancShares has a one year low of $19.74 and a one year high of $29.69. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 17.50 and a beta of 1.18.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data 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. The business had revenue of $131.77 million during the quarter, compared to analysts’ expectations of $132.18 million. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same period in the prior year, the company earned $0.31 EPS. On average, analysts expect that Home BancShares will post $1.39 EPS for the current year.
A number of equities analysts recently issued reports on HOMB shares. BidaskClub cut shares of Home BancShares from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Keefe, Bruyette & Woods upgraded shares of Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a research report on Monday, May 15th. Zacks Investment Research cut shares of Home BancShares from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Merion Capital Group restated a “neutral” rating and issued a $28.50 price target on shares of Home BancShares in a research report on Monday, April 24th. Finally, ValuEngine upgraded shares of Home BancShares from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.70.
In other news, Chairman John W. Allison acquired 15,000 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was bought at an average cost of $24.68 per share, for a total transaction of $370,200.00. Following the completion of the transaction, the chairman now directly owns 4,953,896 shares in the company, valued at approximately $122,262,153.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tracy French acquired 3,100 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $23.54 per share, with a total value of $72,974.00. Following the completion of the transaction, the insider now owns 102,268 shares of the company’s stock, valued at $2,407,388.72. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 33,100 shares of company stock valued at $825,074. Corporate insiders own 11.27% of the company’s stock.
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).
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