Home Bancshares, Inc. (Conway, AR) (HOMB) to Release Quarterly Earnings on Thursday

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) is scheduled to release its earnings data before the market opens on Thursday, April 18th. Analysts expect Home Bancshares, Inc. (Conway, AR) to post earnings of $0.46 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $245.62 million during the quarter, compared to analyst estimates of $238.50 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 29.21% and a return on equity of 10.91%. On average, analysts expect Home Bancshares, Inc. (Conway, AR) to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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

NYSE HOMB opened at $22.40 on Wednesday. The company has a 50 day simple moving average of $23.59 and a 200-day simple moving average of $23.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 11.49 and a beta of 1.11. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $25.80.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 14th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 36.92%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HOMB shares. Piper Sandler lifted their price target on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and an average price target of $25.00.

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

In related news, CEO John W. Allison acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $22.74 per share, with a total value of $454,800.00. Following the purchase, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO John W. Allison acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $22.74 per share, with a total value of $454,800.00. Following the purchase, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the completion of the transaction, the director now directly owns 215,854 shares in the company, valued at $5,128,691.04. The disclosure for this sale can be found here. 7.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HOMB. Raymond James & Associates increased its position in Home Bancshares, Inc. (Conway, AR) by 10.4% in the 1st quarter. Raymond James & Associates now owns 75,206 shares of the financial services provider’s stock worth $1,700,000 after buying an additional 7,071 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Home Bancshares, Inc. (Conway, AR) by 10.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,194 shares of the financial services provider’s stock valued at $1,247,000 after buying an additional 5,218 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Home Bancshares, Inc. (Conway, AR) by 8.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 82,253 shares of the financial services provider’s stock valued at $1,909,000 after buying an additional 6,127 shares in the last quarter. Yousif Capital Management LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 1.4% in the 1st quarter. Yousif Capital Management LLC now owns 79,974 shares of the financial services provider’s stock valued at $1,807,000 after buying an additional 1,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Home Bancshares, Inc. (Conway, AR) by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,973,531 shares of the financial services provider’s stock worth $89,803,000 after purchasing an additional 99,183 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

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.