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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) is set to announce its earnings results before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly 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. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. The firm had revenue of $245.62 million for the quarter, compared to the consensus estimate of $238.50 million. 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) Stock Performance

HOMB stock traded up $0.26 during trading on Thursday, reaching $23.22. The stock had a trading volume of 1,118,844 shares, compared to its average volume of 984,624. The firm has a market cap of $4.67 billion, a PE ratio of 11.91 and a beta of 1.11. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average is $23.60 and its two-hundred day moving average is $23.05. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 14th were given a $0.18 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.72 annualized dividend and a yield of 3.10%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 36.92%.

Insider Activity

In other news, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) 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 transaction, the director now directly owns 215,854 shares of the company's stock, valued at approximately $5,128,691.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 20,000 shares of the firm's stock in a transaction that occurred 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 purchase, the chief executive officer now owns 5,509,982 shares of the company's stock, valued at $125,296,990.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred 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 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 Trading of Home Bancshares, Inc. (Conway, AR)

Several institutional investors and hedge funds have recently added to or reduced their stakes in HOMB. Raymond James & Associates raised its stake in Home Bancshares, Inc. (Conway, AR) by 10.4% during the 1st quarter. Raymond James & Associates now owns 75,206 shares of the financial services provider's stock valued at $1,700,000 after purchasing an additional 7,071 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in 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 worth $1,247,000 after acquiring an additional 5,218 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in 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 worth $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% in the 1st quarter. Yousif Capital Management LLC now owns 79,974 shares of the financial services provider's stock worth $1,807,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Home Bancshares, Inc. (Conway, AR) by 2.6% in 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 acquiring an additional 99,183 shares during the last quarter. Institutional investors own 67.31% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HOMB shares. Piper Sandler raised their target price on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, January 19th. Royal Bank of Canada reissued a "sector perform" rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.