Home Bancshares, Inc. (Conway, AR) (HOMB) to Release Quarterly Earnings on Thursday

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) is scheduled to announce its earnings results before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $245.62 million for the quarter, compared to the consensus estimate of $238.50 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 29.21% and a return on equity of 10.91%. On average, analysts expect Home Bancshares, Inc. (Conway, AR) to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.9 %

Shares of HOMB opened at $22.40 on Wednesday. The firm’s 50 day simple moving average is $23.59 and its 200 day simple moving average is $23.11. The company has a market capitalization of $4.51 billion, a P/E ratio of 11.49 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.89 and a quick ratio of 0.89. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $25.80.

Home Bancshares, Inc. (Conway, AR) Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 14th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 36.92%.

Analyst Upgrades and Downgrades

HOMB has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. Piper Sandler increased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Hold” and a consensus target price of $25.00.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In other news, CEO John W. Allison bought 20,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the acquisition, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of the purchase, the chief executive officer now directly owns 5,509,982 shares of the company’s stock, valued at approximately $125,296,990.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total value of $540,041.04. Following the completion of the sale, the director now directly owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The disclosure for this sale can be found here. Company insiders own 7.66% of the company’s stock.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.7% in the 1st quarter. BlackRock Inc. now owns 22,957,572 shares of the financial services provider’s stock worth $498,409,000 after purchasing an additional 154,993 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 20,900,440 shares of the financial services provider’s stock worth $470,469,000 after purchasing an additional 252,844 shares during the last quarter. State Street Corp raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 6.3% in the 3rd quarter. State Street Corp now owns 8,794,022 shares of the financial services provider’s stock worth $197,953,000 after purchasing an additional 521,232 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 4.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,258,219 shares of the financial services provider’s stock worth $92,445,000 after purchasing an additional 196,114 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 4.3% in the 1st quarter. Geode Capital Management LLC now owns 3,626,130 shares of the financial services provider’s stock worth $78,723,000 after purchasing an additional 150,416 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

About Home Bancshares, Inc. (Conway, AR)

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.