By otakuyassine3@gmail.com 
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Free Report) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02), Briefing.com reports. The business had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. Home Bancshares, Inc. (Conway, AR)’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share.
Home Bancshares, Inc. (Conway, AR) Stock Performance
Home Bancshares, Inc. (Conway, AR) stock opened at $29.49 on Friday. The company’s 50-day moving average price is $29.77 and its 200-day moving average price is $27.79. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The company has a market cap of $5.86 billion, a PE ratio of 15.20 and a beta of 1.10. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90.
Home Bancshares, Inc. (Conway, AR) Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.64%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 40.21%.
Insider Activity at Home Bancshares, Inc. (Conway, AR)
In related news, Director James Pat Hickman sold 63,997 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the sale, the director now owns 175,500 shares in the company, valued at approximately $5,400,135. This represents a 26.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jack Engelkes sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the sale, the director now owns 199,195 shares of the company’s stock, valued at approximately $5,999,753.40. This represents a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,997 shares of company stock valued at $2,782,548. Insiders own 7.66% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Piper Sandler upped their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods upped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Stephens reissued an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.25.
View Our Latest Analysis on Home Bancshares, Inc. (Conway, AR)
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.
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