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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) announced its earnings results on Wednesday. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03), Briefing.com reports. The business had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS.

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

NYSE:HOMB opened at $27.52 on Thursday. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 14.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a fifty day moving average of $26.86 and a 200 day moving average of $25.28. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $28.99.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.195 per share. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In related news, insider Kevin Hester sold 25,263 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $27.00, for a total transaction of $682,101.00. Following the transaction, the insider now directly owns 114,912 shares in the company, valued at $3,102,624. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Kevin Hester sold 25,263 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the sale, the insider now directly owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian Davis sold 15,391 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $26.89, for a total transaction of $413,863.99. Following the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,398,372.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HOMB shares. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Royal Bank of Canada raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Stephens reaffirmed an “overweight” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Finally, Piper Sandler increased their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.25.

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.