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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Investors 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, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. Home Bancshares, Inc. (Conway, AR)’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. 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 Down 0.1 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $26.93 on Tuesday. The firm has a market capitalization of $5.39 billion, a PE ratio of 13.88 and a beta of 1.05. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $26.77 and its 200 day moving average is $25.23. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $28.99.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.90%. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 40.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank of Canada upped their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Stephens reissued an “overweight” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Piper Sandler upped their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Hold” and a consensus price target of $27.25.

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

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