Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Releases Earnings Results, Misses Estimates By $0.03 EPS

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) announced 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 firm had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 earnings per share.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.7 %

Home Bancshares, Inc. (Conway, AR) stock opened at $26.98 on Friday. The business has a 50 day moving average price of $26.88 and a two-hundred day moving average price of $25.29. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $28.99. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 13.91 and a beta of 1.05.

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

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

Wall Street Analyst Weigh In

HOMB has been the subject of a number of analyst reports. Piper Sandler lifted 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. Stephens reiterated an “overweight” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Royal Bank of Canada upped their price target 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and an average price target of $27.25.

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.