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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) released its earnings results on Wednesday. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03), Briefing.com reports. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The business had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. During the same period last year, the business posted $0.47 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue was up 5.2% compared to the same quarter last year.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.9 %

Shares of NYSE HOMB traded down $0.23 during trading on Friday, hitting $26.75. 126,023 shares of the company traded hands, compared to its average volume of 963,679. The firm has a market capitalization of $5.36 billion, a P/E ratio of 13.87 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $26.88 and a 200-day moving average price of $25.29. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.92%. This is an increase 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 payout ratio is presently 40.21%.

Analyst Ratings Changes

Several research firms have recently issued reports on HOMB. StockNews.com downgraded Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday. Stephens reiterated an “overweight” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Finally, Piper Sandler raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.50.

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.