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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The business had revenue of $254.60 million during the quarter, compared to analyst estimates of $247.26 million. During the same quarter in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. 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) Trading Up 2.7 %

NYSE:HOMB opened at $26.95 on Monday. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $28.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $5.40 billion, a P/E ratio of 13.89 and a beta of 1.05. The firm has a 50-day simple moving average of $26.77 and a 200-day simple moving average of $25.22.

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

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

Analysts Set New Price Targets

HOMB has been the topic of a number of analyst reports. Stephens reaffirmed an “overweight” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Piper Sandler boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Royal Bank of Canada boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and an average target price of $27.25.

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

In related news, insider Kevin Hester sold 25,263 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the transaction, the insider now directly owns 114,912 shares in the company, valued at $3,102,624. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, insider Kevin Hester sold 25,263 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $27.00, for a total transaction of $682,101.00. Following the completion of the transaction, the insider now directly owns 114,912 shares in the company, valued at approximately $3,102,624. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian Davis sold 15,391 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $26.89, for a total transaction of $413,863.99. Following the transaction, the chief financial officer now owns 89,192 shares of the company’s stock, valued at $2,398,372.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.66% of the company’s stock.

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.