Home BancShares, Inc. (HOMB) to Issue Dividend Increase – $0.11 Per Share

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.

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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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