Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Issues Quarterly Earnings Results

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

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

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $27.52 on Thursday. The firm has a market cap of $5.51 billion, a P/E ratio of 14.19 and a beta of 1.05. The firm’s 50-day simple moving average is $26.86 and its 200-day simple moving average is $25.28. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $28.99. 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. (Conway, AR) Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.83%. This is an increase 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 dividend payout ratio (DPR) is presently 40.21%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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