Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) announced its quarterly earnings data on Thursday. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03, Briefing.com reports. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. The business had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. During the same period in the prior year, the company earned $0.54 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was down 1.0% on a year-over-year basis.

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

Shares of HOMB opened at $23.34 on Friday. The firm has a market cap of $4.69 billion, a PE ratio of 11.90 and a beta of 1.11. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $25.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s fifty day moving average price is $23.56 and its two-hundred day moving average price is $23.11.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 14th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.72 dividend on an annualized basis and a yield of 3.08%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 36.92%.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the transaction, the chief executive officer now directly owns 5,509,982 shares in the company, valued at $125,296,990.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the transaction, the chief executive officer now directly owns 5,509,982 shares in the company, valued at $125,296,990.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna Townsell sold 22,729 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $23.76, for a total value of $540,041.04. Following the transaction, the director now 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 company insiders.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James & Associates lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.4% in the 1st quarter. Raymond James & Associates now owns 75,206 shares of the financial services provider’s stock valued at $1,700,000 after acquiring an additional 7,071 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,194 shares of the financial services provider’s stock valued at $1,247,000 after acquiring an additional 5,218 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 82,253 shares of the financial services provider’s stock valued at $1,909,000 after acquiring an additional 6,127 shares during the last quarter. Yousif Capital Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 1.4% during the 1st quarter. Yousif Capital Management LLC now owns 79,974 shares of the financial services provider’s stock valued at $1,807,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Home Bancshares, Inc. (Conway, AR) by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,973,531 shares of the financial services provider’s stock valued at $89,803,000 after purchasing an additional 99,183 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.