Home Bancshares, Inc. (Conway, AR) (HOMB) Set to Announce Earnings on Thursday

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) will be posting its quarterly earnings results before the market opens on Thursday, April 18th. Analysts expect Home Bancshares, Inc. (Conway, AR) to post earnings of $0.46 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $245.62 million during the quarter, compared to analysts’ expectations of $238.50 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 29.21% and a return on equity of 10.91%. 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) Price Performance

NYSE HOMB opened at $22.84 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $4.59 billion, a PE ratio of 11.71 and a beta of 1.11. The company has a 50 day moving average price of $23.59 and a two-hundred day moving average price of $23.11. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $25.80.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 14th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 36.92%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

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 shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the sale, the director now owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO John W. Allison bought 20,000 shares of the stock in a transaction dated Monday, February 5th. The shares were acquired at an average price of $22.74 per share, with a total value of $454,800.00. Following the acquisition, the chief executive officer now owns 5,509,982 shares in the company, valued at $125,296,990.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Donna Townsell sold 22,729 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 215,854 shares in the company, valued at approximately $5,128,691.04. The disclosure for this sale can be found here. Insiders own 7.66% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Raymond James & Associates increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.4% in the 1st quarter. Raymond James & Associates now owns 75,206 shares of the financial services provider’s stock valued at $1,700,000 after acquiring an additional 7,071 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,194 shares of the financial services provider’s stock valued at $1,247,000 after acquiring an additional 5,218 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 82,253 shares of the financial services provider’s stock valued at $1,909,000 after acquiring an additional 6,127 shares during the last quarter. Yousif Capital Management LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 1.4% during the 1st quarter. Yousif Capital Management LLC now owns 79,974 shares of the financial services provider’s stock worth $1,807,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Home Bancshares, Inc. (Conway, AR) by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,973,531 shares of the financial services provider’s stock worth $89,803,000 after purchasing an additional 99,183 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HOMB. 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 research note on Tuesday, April 9th. Piper Sandler boosted their price objective 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Hold” and an average target price of $25.00.

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.