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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) is expected to post its quarterly earnings results after the market closes on Wednesday, April 16th. Analysts expect Home Bancshares, Inc. (Conway, AR) to post earnings of $0.54 per share and revenue of $255.20 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. During the same period in the prior year, the business earned $0.43 EPS. The company’s revenue for the quarter was up 5.2% 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 0.0 %

Shares of NYSE:HOMB opened at $25.21 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $28.53 and a 200-day moving average of $28.82. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.91. The stock has a market cap of $5.01 billion, a PE ratio of 12.48 and a beta of 0.93.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 3.09%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 38.61%.

Analyst Upgrades and Downgrades

HOMB has been the topic of a number of research reports. Stephens reaffirmed an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Hovde Group decreased their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Finally, StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.00.

Insiders Place Their Bets

In other news, CEO John W. Allison bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, with a total value of $307,600.00. Following the completion of the purchase, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.30% of the company’s stock.

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.