Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) issued its earnings results on Wednesday. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02, Zacks reports. The business had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.6 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $26.40 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91. The business’s fifty day moving average price is $28.15 and its two-hundred day moving average price is $28.77. The company has a market capitalization of $5.24 billion, a P/E ratio of 13.07 and a beta of 0.93.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 38.61%.

Analyst Ratings Changes

A number of research firms have commented on HOMB. Hovde Group reduced their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Stephens reaffirmed an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, StockNews.com cut shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.00.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In other news, CEO John W. Allison bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the purchase, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This represents a 0.18 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 6.30% of the stock is currently owned by 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.