Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Releases Earnings Results, Beats Estimates By $0.03 EPS

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) released its quarterly earnings data on Wednesday. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03, Briefing.com reports. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.49%. The company had revenue of $254.60 million for the quarter, compared to analyst estimates of $247.26 million. During the same period in the previous year, the business earned $0.51 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up .6% compared to the same quarter last year.

Home Bancshares, Inc. (Conway, AR) Price Performance

HOMB stock traded up $0.18 during midday trading on Friday, reaching $26.85. The company had a trading volume of 449,190 shares, compared to its average volume of 973,080. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 13.81 and a beta of 1.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.90. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $27.39. The stock has a 50 day moving average price of $23.85 and a 200-day moving average price of $23.85.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 37.11%.

Insiders Place Their Bets

In related news, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $24,530. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at approximately $2,186,987.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The disclosure for this sale can be found here. Corporate insiders own 7.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HOMB. Piper Sandler raised their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday. Stephens reiterated an “overweight” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Royal Bank of Canada lifted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and a consensus price target of $27.25.

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