Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) posted its quarterly earnings data on Thursday. The financial services provider reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03, Briefing.com reports. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.11% and a return on equity of 11.97%. During the same quarter in the previous year, the firm earned $0.44 earnings per share.

Shares of NASDAQ HOMB opened at $16.31 on Friday. The firm has a market cap of $2.69 billion, a PE ratio of 12.94 and a beta of 1.54. Home Bancshares, Inc. has a 12-month low of $9.71 and a 12-month high of $21.04. The company’s fifty day simple moving average is $16.03 and its 200 day simple moving average is $15.13. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.36.

HOMB has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, August 4th. ValuEngine cut shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “strong sell” rating in a research report on Monday, August 3rd. Piper Sandler increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Citigroup increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Finally, Raymond James increased their target price on shares of Home Bancshares, Inc. (Conway, AR) from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Home Bancshares, Inc. (Conway, AR) has an average rating of “Hold” and a consensus target price of $18.67.

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 for Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

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