Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Posts Earnings Results, Misses Expectations By $0.02 EPS

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.50 EPS 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 company had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.67 million. During the same quarter in the prior year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year.

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

NYSE HOMB opened at $29.16 on Thursday. The business’s 50-day simple moving average is $29.77 and its 200-day simple moving average is $27.77. The firm has a market capitalization of $5.80 billion, a P/E ratio of 15.03 and a beta of 1.10. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91.

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

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, Director James Pat Hickman sold 63,997 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $5,400,135. This trade represents a 26.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,000 shares of the business’s 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 transaction, the chief accounting officer now owns 3,468 shares in the company, valued at approximately $104,664.24. This represents a 36.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,997 shares of company stock valued at $2,782,548. 7.66% of the stock is currently owned by corporate insiders.

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.