Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) Issues Earnings Results, Beats Estimates By $0.11 EPS


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

HOMB stock traded up $0.06 during trading hours on Friday, hitting $26.97. The company’s stock had a trading volume of 740,861 shares, compared to its average volume of 681,195. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $4.46 billion, a PE ratio of 21.70 and a beta of 1.49. Home Bancshares, Inc. has a 12 month low of $10.79 and a 12 month high of $29.21. The stock has a 50 day moving average price of $26.86 and a two-hundred day moving average price of $21.30.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 17th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.08%. The ex-dividend date was Tuesday, February 16th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 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 that occurred on Wednesday, March 10th. The shares were sold at an average price of $27.84, for a total value of $97,440.00. Following the completion of the sale, the director now directly owns 142,287 shares of the company’s stock, valued at $3,961,270.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 9,000 shares of company stock valued at $243,610 over the last three months. Insiders own 8.66% of the company’s stock.

HOMB has been the topic of a number of research analyst reports. Raymond James boosted their price objective on shares of 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 boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $22.00 to $27.00 in a research report on Wednesday. Finally, Zacks Investment Research downgraded shares of 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 issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.50.

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, 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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