Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Issues Quarterly Earnings Results

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) issued its quarterly earnings results on Thursday. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03, Briefing.com reports. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The firm had revenue of $246.40 million for the quarter, compared to analyst estimates of $240.46 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year.

Home Bancshares, Inc. (Conway, AR) Price Performance

Shares of NYSE:HOMB opened at $24.01 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $25.80. The stock’s 50 day moving average is $23.56 and its 200-day moving average is $23.14. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 12.37 and a beta of 1.11.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 37.11%.

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

In other news, CEO John W. Allison bought 20,000 shares of the stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of $22.74 per share, with a total value of $454,800.00. Following the completion of the transaction, the chief executive officer now directly owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO John W. Allison purchased 20,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average cost of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at approximately $125,296,990.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna Townsell sold 22,729 shares of the stock in a transaction on Thursday, March 21st. The shares were 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 $5,128,691.04. The disclosure for this sale can be found here. 7.66% of the stock is owned by insiders.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its position in Home Bancshares, Inc. (Conway, AR) by 71.9% in the 4th quarter. Barclays PLC now owns 583,007 shares of the financial services provider’s stock valued at $14,767,000 after buying an additional 243,949 shares during the last quarter. Voya Investment Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 1.3% in the 4th quarter. Voya Investment Management LLC now owns 76,609 shares of the financial services provider’s stock valued at $1,941,000 after buying an additional 958 shares during the last quarter. Nuveen Asset Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 0.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,344,216 shares of the financial services provider’s stock valued at $34,049,000 after buying an additional 4,838 shares during the last quarter. Profund Advisors LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 14.2% in the 4th quarter. Profund Advisors LLC now owns 14,823 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 1,842 shares during the period. Finally, Comerica Bank grew its stake in Home Bancshares, Inc. (Conway, AR) by 1.8% in the 4th quarter. Comerica Bank now owns 149,631 shares of the financial services provider’s stock valued at $3,790,000 after purchasing an additional 2,707 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Piper Sandler boosted their price target on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Finally, Stephens boosted their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.00.

Home Bancshares, Inc. (Conway, AR) Company Profile

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.