Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02), Briefing.com reports. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The business had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis.

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

Shares of HOMB stock traded up $0.70 during trading hours on Wednesday, hitting $29.16. 1,222,867 shares of the company’s stock were exchanged, compared to its average volume of 1,085,389. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 15.03 and a beta of 1.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50-day moving average is $29.80 and its 200-day moving average is $27.76.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th were given a $0.195 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.67%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

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

In other Home Bancshares, Inc. (Conway, AR) news, Director James Pat Hickman sold 63,997 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the transaction, the director now directly owns 175,500 shares in the company, valued at approximately $5,400,135. This trade represents a 26.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the sale, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,997 shares of company stock valued at $2,782,548 over the last ninety days. 7.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HOMB has been the topic of a number of analyst reports. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Piper Sandler upped their price objective on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Royal Bank of Canada restated a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Stephens upped their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.50.

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.