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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) released its quarterly earnings data on Wednesday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03), Briefing.com reports. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The business had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% on a year-over-year basis.

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

NYSE HOMB opened at $27.52 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $26.86 and its 200-day simple moving average is $25.28. The company has a market cap of $5.51 billion, a PE ratio of 14.19 and a beta of 1.05. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $28.99.

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

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Piper Sandler upped 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 report on Friday, July 19th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Finally, Stephens reissued an “overweight” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.25.

Insider Buying and Selling

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

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.