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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) released its earnings results on Wednesday. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02, Zacks reports. The company had revenue of $260.08 million during the quarter, compared to analyst estimates of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%.

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

NYSE:HOMB traded down $0.14 during trading hours on Monday, hitting $26.32. The stock had a trading volume of 1,237,341 shares, compared to its average volume of 1,020,245. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 13.03 and a beta of 0.93. Home Bancshares, Inc. has a one year low of $22.42 and a one year high of $32.91. The company has a 50 day simple moving average of $28.06 and a two-hundred day simple moving average of $28.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a dividend of $0.195 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.96%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 37.14%.

Analyst Ratings Changes

A number of research firms recently issued reports on HOMB. Hovde Group decreased their price objective on shares of 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. Royal Bank of Canada decreased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating for the company in a research note on Monday. Stephens reiterated an "overweight" rating and issued a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of "Moderate Buy" and an average price target of $32.40.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In related news, CEO John W. Allison bought 10,000 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.30% of the stock is owned by corporate insiders.

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.