Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Announces Quarterly Earnings Results

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) issued its quarterly earnings data on Thursday. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03, Briefing.com reports. The firm had revenue of $246.40 million for the quarter, compared to analyst estimates of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS.

Home Bancshares, Inc. (Conway, AR) Stock Up 3.4 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $24.00 on Friday. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $25.80. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 12.37 and a beta of 1.11. The company has a 50-day moving average of $23.56 and a 200 day moving average of $23.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.89.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 14th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 37.11%.

Analysts Set New Price Targets

Several research firms recently weighed in on HOMB. Stephens lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Finally, Piper Sandler increased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.00.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total value of $540,041.04. Following the sale, the director now directly owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, February 5th. The stock was purchased at an average price of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief executive officer now directly owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Donna Townsell sold 22,729 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the sale, the director now owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 71.9% in the 4th quarter. Barclays PLC now owns 583,007 shares of the financial services provider’s stock worth $14,767,000 after purchasing an additional 243,949 shares in the last quarter. Voya Investment Management LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 1.3% during the fourth quarter. Voya Investment Management LLC now owns 76,609 shares of the financial services provider’s stock valued at $1,941,000 after purchasing an additional 958 shares during the period. Nuveen Asset Management LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 0.4% during the fourth quarter. Nuveen Asset Management LLC now owns 1,344,216 shares of the financial services provider’s stock valued at $34,049,000 after purchasing an additional 4,838 shares during the period. Profund Advisors LLC increased its position in Home Bancshares, Inc. (Conway, AR) by 14.2% in the fourth quarter. Profund Advisors LLC now owns 14,823 shares of the financial services provider’s stock worth $375,000 after buying an additional 1,842 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.8% in the fourth quarter. Comerica Bank now owns 149,631 shares of the financial services provider’s stock worth $3,790,000 after buying an additional 2,707 shares during the period. 67.31% of the stock is currently owned by institutional investors.

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.