Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) released its quarterly earnings data on Wednesday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.09, Fidelity Earnings reports. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.02% and a return on equity of 12.05%.
Shares of HOMB stock opened at $22.18 on Friday. The company has a market capitalization of $3.66 billion, a PE ratio of 17.89 and a beta of 1.49. The firm has a fifty day simple moving average of $19.99 and a 200-day simple moving average of $17.56. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.30. Home Bancshares, Inc. has a twelve month low of $9.71 and a twelve month high of $22.27.
In related news, Director Jack Engelkes sold 1,600 shares of the company’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $18.46, for a total value of $29,536.00. 8.66% of the stock is currently owned by corporate insiders.
Several equities research analysts have issued reports on HOMB shares. Raymond James boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $19.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday. TheStreet upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “c+” rating to a “b-” rating in a research note on Thursday, November 19th. Finally, Zacks Investment Research upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Thursday, December 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.20.
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.
Read More: Initial Public Offering (IPO)
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