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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) posted its quarterly earnings data on Thursday. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03, Briefing.com reports. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The firm had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. During the same period in the prior year, the firm posted $0.54 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year.

Home Bancshares, Inc. (Conway, AR) Trading Up 3.4 %

Shares of NYSE:HOMB opened at $24.01 on Friday. The company has a market cap of $4.83 billion, a PE ratio of 12.37 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $25.80. The company’s 50-day moving average price is $23.56 and its 200 day moving average price is $23.14.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 14th were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.72 annualized dividend and a yield of 3.00%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 37.11%.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, February 5th. The shares were bought at an average price 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 transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Donna Townsell sold 22,729 shares of the 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 sale, the director now directly owns 215,854 shares in the company, valued at approximately $5,128,691.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Allison purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the transaction, the chief executive officer now directly owns 5,509,982 shares in the company, valued at $125,296,990.68. The disclosure for this purchase can be found here. Insiders own 7.66% of the company’s stock.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

A number of hedge funds have recently modified their holdings of HOMB. Barclays PLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 71.9% during the 4th quarter. Barclays PLC now owns 583,007 shares of the financial services provider’s stock worth $14,767,000 after buying an additional 243,949 shares during the period. Voya Investment Management LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 1.3% during the 4th quarter. Voya Investment Management LLC now owns 76,609 shares of the financial services provider’s stock worth $1,941,000 after buying an additional 958 shares during the period. Nuveen Asset Management LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 0.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,344,216 shares of the financial services provider’s stock worth $34,049,000 after buying an additional 4,838 shares during the period. Profund Advisors LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 14.2% during the 4th quarter. Profund Advisors LLC now owns 14,823 shares of the financial services provider’s stock worth $375,000 after buying an additional 1,842 shares during the period. Finally, Comerica Bank raised its holdings in Home Bancshares, Inc. (Conway, AR) by 1.8% during the 4th quarter. Comerica Bank now owns 149,631 shares of the financial services provider’s stock worth $3,790,000 after buying an additional 2,707 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HOMB has been the topic of a number of recent research reports. Piper Sandler raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Stephens raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) has an average rating of “Hold” and an average target price of $26.00.

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.