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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) posted its earnings results on Thursday. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $240.46 million. During the same quarter in the prior year, the business earned $0.54 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis.

Home Bancshares, Inc. (Conway, AR) Stock Up 3.4 %

HOMB stock opened at $24.00 on Friday. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $25.80. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. The firm has a market cap of $4.83 billion, a PE ratio of 12.37 and a beta of 1.11. The business has a 50 day moving average of $23.56 and a 200 day moving average of $23.14.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors 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 yield of 3.00%. The ex-dividend date was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 37.11%.

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

In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) 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 owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) 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 owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John W. Allison bought 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction 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 acquisition, the chief executive officer now owns 5,509,982 shares in the company, valued at approximately $125,296,990.68. The disclosure for this purchase can be found here. 7.66% of the stock is owned by corporate insiders.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

Several large investors have recently modified their holdings of HOMB. Jefferies Financial Group Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $63,000. Money Concepts Capital Corp bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $72,000. KBC Group NV bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $72,000. Point72 Middle East FZE bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $136,000. Finally, FMR LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 18.7% during the second quarter. FMR LLC now owns 6,667 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 1,051 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HOMB. Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Stephens upped their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Piper Sandler raised their price objective on 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.