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

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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The company 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) Stock Performance

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $22.94 on Thursday. The firm has a fifty day moving average of $23.60 and a two-hundred day moving average of $23.05. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 11.76 and a beta of 1.11. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.89.

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 given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 36.92%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Piper Sandler upped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and a consensus price target of $25.00.

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

In related news, Director Donna Townsell sold 22,729 shares of the company’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 completion of the sale, the director now owns 215,854 shares in the company, valued at approximately $5,128,691.04. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO John W. Allison bought 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average cost 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 in the company, valued at $125,296,990.68. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Donna Townsell sold 22,729 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The disclosure for this sale can be found here. 7.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jefferies Financial Group Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $63,000. Money Concepts Capital Corp acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $72,000. KBC Group NV acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $72,000. Point72 Middle East FZE acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $136,000. Finally, FMR LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 18.7% in the 2nd quarter. FMR LLC now owns 6,667 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 1,051 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

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.