Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS


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Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.09, Fidelity Earnings reports. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.02% and a return on equity of 12.05%.

NASDAQ HOMB opened at $22.18 on Friday. The company has a 50 day simple moving average of $19.99 and a 200-day simple moving average of $17.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 17.89 and a beta of 1.49. Home Bancshares, Inc. has a 52-week low of $9.71 and a 52-week high of $22.27.

In other news, Director Jack Engelkes sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $20.29, for a total value of $40,580.00. 8.66% of the stock is owned by corporate insiders.

HOMB has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Thursday, December 17th. Raymond James upped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $19.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday. Finally, TheStreet raised shares of Home Bancshares, Inc. (Conway, AR) from a “c+” rating to a “b-” rating in a research note on Thursday, November 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Buy” and an average target price of $19.20.

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, NOW, demand, and money market accounts, as well as certificates of deposit.

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Earnings History for Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

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