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


Share on StockTwits

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

Shares of HOMB stock traded up $0.16 during trading on Friday, hitting $27.07. The company had a trading volume of 8,524 shares, 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. The firm has a market capitalization of $4.48 billion, a P/E ratio of 21.70 and a beta of 1.49. The stock’s 50-day moving average price is $26.86 and its 200 day moving average price is $21.30. Home Bancshares, Inc. has a one year low of $10.79 and a one year high of $29.21.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Investors 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 was Tuesday, February 16th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 32.37%.

Several equities analysts have recently commented on the company. Raymond James upped their target price on Home Bancshares, Inc. (Conway, AR) from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup upped their target price on Home Bancshares, Inc. (Conway, AR) from $22.00 to $27.00 in a research report on Wednesday. Finally, Zacks Investment Research downgraded Home Bancshares, Inc. (Conway, AR) from a “buy” rating to a “hold” rating in a research report on Tuesday, March 23rd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Buy” and a consensus price target of $24.50.

In related news, Director Jack Engelkes sold 3,500 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 145,787 shares in the company, valued at $3,991,648.06. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 9,000 shares of company stock valued at $243,610. 8.66% of the stock is currently owned by corporate insiders.

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: How are the companies in the S&P 500 selected?

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

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.