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

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

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

HOMB stock traded up $0.79 during midday trading on Friday, hitting $24.01. The stock had a trading volume of 1,595,295 shares, compared to its average volume of 896,491. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 12.37 and a beta of 1.11. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80. The stock has a 50-day simple moving average of $23.56 and a 200 day simple moving average of $23.14. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46.

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

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $34,256,000. State Street Corp increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 15.3% in the second quarter. State Street Corp now owns 8,272,790 shares of the financial services provider’s stock valued at $171,826,000 after buying an additional 1,100,758 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.2% in the third quarter. Vanguard Group Inc. now owns 20,900,440 shares of the financial services provider’s stock valued at $470,469,000 after buying an additional 252,844 shares in the last quarter. Barclays PLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 71.9% in the fourth quarter. Barclays PLC now owns 583,007 shares of the financial services provider’s stock valued at $14,767,000 after buying an additional 243,949 shares in the last quarter. Finally, Morgan Stanley increased its position in Home Bancshares, Inc. (Conway, AR) by 23.7% in the fourth quarter. Morgan Stanley now owns 1,203,160 shares of the financial services provider’s stock worth $27,420,000 after purchasing an additional 230,792 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Stephens increased their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Piper Sandler increased their price objective on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has an average rating of “Hold” and an average target price of $26.00.

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.