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%.
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.
Featured Story: Fundamental Analysis – How It Helps Investors
Receive News & Ratings for Home Bancshares Inc. (Conway AR) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancshares Inc. (Conway AR) and related companies with MarketBeat.com's FREE daily email newsletter.