Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) issued its earnings results on Wednesday. The financial services provider reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.02, Zacks reports. The business 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) Stock Up 1.6 %

Shares of NYSE:HOMB traded up $0.42 during midday trading on Friday, reaching $26.40. 1,667,044 shares of the company were exchanged, compared to its average volume of 1,021,677. The firm has a market cap of $5.24 billion, a PE ratio of 13.07 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $32.91. The stock has a fifty day simple moving average of $28.06 and a two-hundred day simple moving average of $28.77.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is 38.61%.

Analysts Set New Price Targets

A number of analysts have weighed in on HOMB shares. Hovde Group lowered their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Stephens reaffirmed an "overweight" rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Finally, StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Friday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Insiders Place Their Bets

In other news, CEO John W. Allison bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following the transaction, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.30% of the company's stock.

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.