Home Bancshares, Inc. (Conway, AR) (HOMB) Projected to Post Quarterly Earnings on Wednesday

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) is anticipated to post its quarterly earnings results after the market closes on Wednesday, April 16th. Analysts expect Home Bancshares, Inc. (Conway, AR) to post earnings of $0.54 per share and revenue of $255.20 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The firm had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.67 million. During the same period in the previous year, the company earned $0.43 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. 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

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $24.96 on Wednesday. The firm has a market cap of $4.96 billion, a PE ratio of 12.36 and a beta of 0.93. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.91. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $28.88 and a 200 day moving average price of $28.85.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, with a total value of $307,600.00. Following the purchase, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. StockNews.com lowered Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Friday, April 4th. 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 on the stock in a report on Friday, January 17th. Finally, Stephens reissued an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $32.00.

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.