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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) is expected to announce its earnings results after the market closes on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $255.20 million for the quarter. Persons 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 data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 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)’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. 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) Stock Performance

NYSE HOMB opened at $25.83 on Tuesday. The business’s 50 day moving average price is $28.43 and its 200-day moving average price is $28.81. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.91. The company has a market cap of $5.13 billion, a P/E ratio of 12.79 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 38.61%.

Insider Buying and Selling

In related news, CEO John W. Allison bought 10,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the purchase, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HOMB shares. StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. Hovde Group dropped their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Stephens reaffirmed an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.00.

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.