Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) Announces Earnings Results


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Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) released its earnings results on Wednesday. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.11, MarketWatch Earnings reports. The firm had revenue of $193.40 million during the quarter, compared to analyst estimates of $172.29 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.02% and a return on equity of 12.05%. The firm’s revenue was up 18.9% compared to the same quarter last year.

Shares of NASDAQ:HOMB traded up $0.16 during midday trading on Friday, reaching $27.07. 8,524 shares of the company’s stock traded hands, compared to its average volume of 681,195. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 0.95. Home Bancshares, Inc. has a one year low of $10.79 and a one year high of $29.21. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 21.70 and a beta of 1.49. The stock has a 50 day moving average of $26.86 and a 200 day moving average of $21.30.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 17th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, February 16th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 32.37%.

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 3,500 shares of the business’s stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $27.38, for a total value of $95,830.00. Following the completion of the transaction, the director now owns 145,787 shares of the company’s stock, valued at approximately $3,991,648.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 9,000 shares of company stock valued at $243,610 over the last quarter. 8.66% of the stock is owned by corporate insiders.

A number of brokerages have issued reports on HOMB. Raymond James lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday. Zacks Investment Research lowered Home Bancshares, Inc. (Conway, AR) from a “buy” rating to a “hold” rating in a research report on Tuesday, March 23rd. Finally, Citigroup increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $22.00 to $27.00 in a research report on Wednesday. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $24.50.

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, 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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