Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) posted its quarterly earnings results on Thursday. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03, Briefing.com reports. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. The company had revenue of $246.40 million for the quarter, compared to analysts’ expectations of $240.46 million. During the same period in the previous year, the firm earned $0.54 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.2 %

NYSE HOMB opened at $23.18 on Friday. The stock has a 50 day moving average price of $23.56 and a 200-day moving average price of $23.11. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $4.66 billion, a P/E ratio of 11.90 and a beta of 1.11.

Home Bancshares, Inc. (Conway, AR) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 14th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 36.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HOMB shares. Piper Sandler lifted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and an average target price of $25.00.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the transaction, the director now owns 215,854 shares in the company, valued at $5,128,691.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO John W. Allison bought 20,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was purchased at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the acquisition, the chief executive officer now owns 5,509,982 shares in the company, valued at $125,296,990.68. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donna Townsell sold 22,729 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the sale, the director now owns 215,854 shares in the company, valued at approximately $5,128,691.04. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by company insiders.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

Several institutional investors and hedge funds have recently made changes to their positions in HOMB. Raymond James & Associates boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.4% during the first quarter. Raymond James & Associates now owns 75,206 shares of the financial services provider’s stock valued at $1,700,000 after purchasing an additional 7,071 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 10.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,194 shares of the financial services provider’s stock valued at $1,247,000 after acquiring an additional 5,218 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 8.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 82,253 shares of the financial services provider’s stock worth $1,909,000 after acquiring an additional 6,127 shares in the last quarter. Yousif Capital Management LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 1.4% during the first quarter. Yousif Capital Management LLC now owns 79,974 shares of the financial services provider’s stock valued at $1,807,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Home Bancshares, Inc. (Conway, AR) by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,973,531 shares of the financial services provider’s stock worth $89,803,000 after purchasing an additional 99,183 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

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