Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Issues Earnings Results, Misses Expectations By $0.03 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 (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03), Briefing.com reports. The business had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS.

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

HOMB stock opened at $26.98 on Friday. The stock has a market capitalization of $5.40 billion, a PE ratio of 13.91 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90. The company has a 50 day moving average price of $26.88 and a 200 day moving average price of $25.29. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $28.99.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.195 per share. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 40.21%.

Analyst Ratings Changes

Several research firms have recently weighed in on HOMB. StockNews.com lowered Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank of Canada increased their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Piper Sandler boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Stephens reaffirmed an “overweight” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.25.

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.