Home Bancshares, Inc. (Conway, AR) Forecasted to Post Q2 2021 Earnings of $0.46 Per Share (NASDAQ:HOMB)


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Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) – Investment analysts at Piper Sandler boosted their Q2 2021 earnings estimates for shares of Home Bancshares, Inc. (Conway, AR) in a report released on Thursday, April 15th. Piper Sandler analyst S. Scouten now expects that the financial services provider will post earnings of $0.46 per share for the quarter, up from their previous forecast of $0.40. Piper Sandler also issued estimates for Home Bancshares, Inc. (Conway, AR)’s Q3 2021 earnings at $0.44 EPS, FY2021 earnings at $1.79 EPS, Q2 2022 earnings at $0.42 EPS and Q4 2022 earnings at $0.43 EPS.

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) last announced its quarterly earnings results on Wednesday, April 14th. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.11. Home Bancshares, Inc. (Conway, AR) had a return on equity of 12.05% and a net margin of 26.02%. The company had revenue of $193.40 million during the quarter, compared to analysts’ expectations of $172.29 million. The firm’s quarterly revenue was up 18.9% on a year-over-year basis.

Other analysts have also issued research reports about the stock. Citigroup raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $22.00 to $27.00 in a research report on Wednesday, April 14th. Raymond James upped their target price on Home Bancshares, Inc. (Conway, AR) from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, April 16th. Finally, Zacks Investment Research raised shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Monday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $26.50.

NASDAQ:HOMB opened at $26.44 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50 day moving average price of $27.09 and a 200-day moving average price of $21.59. Home Bancshares, Inc. has a 1-year low of $11.36 and a 1-year high of $29.21. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 21.32 and a beta of 1.49.

Several institutional investors have recently modified their holdings of HOMB. CI Investments Inc. acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $34,000. Fieldpoint Private Securities LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $35,000. Toronto Dominion Bank purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $56,000. Arlington Partners LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the first quarter valued at about $59,000. Finally, Huntington National Bank increased its position in Home Bancshares, Inc. (Conway, AR) by 192.9% during the fourth quarter. Huntington National Bank now owns 3,081 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 2,029 shares during the last quarter. Institutional investors and hedge funds own 67.16% of the company’s stock.

In other news, Director Jack Engelkes sold 3,500 shares of the stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $27.84, for a total value of $97,440.00. Following the completion of the sale, the director now directly owns 142,287 shares in the company, valued at $3,961,270.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 9,000 shares of company stock valued at $243,610 in the last ninety days. Insiders own 8.66% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 17th were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, February 16th. This represents a $0.56 annualized dividend and a yield of 2.12%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 32.37%.

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, NOW, demand, and money market accounts, as well as certificates of deposit.

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Earnings History and Estimates for Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

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