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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) posted its quarterly earnings results on Thursday. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03, Briefing.com reports. Home Bancshares, Inc. (Conway, AR) had a net margin of 29.21% and a return on equity of 10.91%. The company had revenue of $246.40 million during the quarter, compared to analyst estimates of $240.46 million. During the same period last year, the firm posted $0.54 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was down 1.0% compared to the same quarter last year.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.5 %

Shares of HOMB stock opened at $23.34 on Friday. 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 cap of $4.69 billion, a PE ratio of 11.90 and a beta of 1.11. The company has a 50-day moving average of $23.56 and a two-hundred day moving average of $23.11. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $25.80.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 36.92%.

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

In other news, CEO John W. Allison acquired 20,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the transaction, the chief executive officer now directly owns 5,509,982 shares in the company, valued at approximately $125,296,990.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the transaction, the director now owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Allison purchased 20,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were purchased 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 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HOMB. United Services Automobile Association acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter valued at about $334,000. Jane Street Group LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at about $299,000. XTX Topco Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at about $293,000. Pathstone Holdings LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $249,000. Finally, Cetera Advisor Networks LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 8.3% in the 4th quarter. Cetera Advisor Networks LLC now owns 10,646 shares of the financial services provider’s stock valued at $243,000 after buying an additional 819 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

HOMB has been the subject 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. Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

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.