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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) announced its earnings results on Wednesday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03), Briefing.com reports. The firm had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.3 %

NYSE:HOMB opened at $27.52 on Thursday. The company has a market capitalization of $5.51 billion, a P/E ratio of 14.19 and a beta of 1.05. The stock’s 50 day moving average price is $26.86 and its 200 day moving average price is $25.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $28.99.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.83%. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 40.21%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HOMB shares. Royal Bank of Canada increased their price objective on 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, July 19th. Stephens reissued an “overweight” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Piper Sandler boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.25.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 15,391 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $26.89, for a total value of $413,863.99. Following the completion of the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,398,372.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Brian Davis sold 15,391 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $26.89, for a total transaction of $413,863.99. Following the completion of the sale, the chief financial officer now owns 89,192 shares in the company, valued at approximately $2,398,372.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kevin Hester sold 25,263 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $27.00, for a total value of $682,101.00. Following the transaction, the insider now directly owns 114,912 shares in the company, valued at approximately $3,102,624. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.66% of the company’s stock.

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.