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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 17th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. The business had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. 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

NYSE HOMB opened at $24.84 on Monday. The company has a market cap of $4.98 billion, a PE ratio of 12.80 and a beta of 1.07. The stock’s 50 day simple moving average is $23.75 and its 200-day simple moving average is $23.82. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $25.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.90.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.90%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 37.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank of Canada lifted their target price on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 9th. Stephens lifted their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, StockNews.com downgraded Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Saturday, June 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.25.

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

In other news, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at approximately $2,186,987.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Jennifer C. Floyd sold 2,333 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The disclosure for this sale can be found here. Insiders own 7.66% 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.