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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) posted its earnings results on Wednesday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02), Briefing.com reports. The company had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share.

Home Bancshares, Inc. (Conway, AR) Stock Up 2.5 %

Shares of HOMB stock traded up $0.70 on Wednesday, hitting $29.16. 1,222,867 shares of the stock were exchanged, compared to its average volume of 1,085,389. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $5.80 billion, a P/E ratio of 15.03 and a beta of 1.10. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. The business has a 50-day moving average of $29.80 and a 200 day moving average of $27.76.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were given a $0.195 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.67%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

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

In related news, Director James Pat Hickman sold 63,997 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the sale, the director now owns 175,500 shares of the company’s stock, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the sale, the chief accounting officer now owns 3,468 shares in the company, valued at $104,664.24. The trade was a 36.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,997 shares of company stock valued at $2,782,548. 7.66% of the stock is owned by insiders.

Analysts Set New Price Targets

HOMB has been the subject of a number of analyst reports. Stephens boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Piper Sandler lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods upped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.50.

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.