Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) Issues Quarterly Earnings Results

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) issued its quarterly earnings results on Thursday. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the 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 period last year, the company posted $0.44 EPS.

Shares of HOMB opened at $16.31 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $2.69 billion, a P/E ratio of 12.94 and a beta of 1.54. Home Bancshares, Inc. has a 52 week low of $9.71 and a 52 week high of $21.04. The firm’s 50-day simple moving average is $16.03 and its 200 day simple moving average is $15.13.

HOMB has been the topic 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 on the stock in a research note on Tuesday, August 4th. BidaskClub lowered shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 25th. ValuEngine lowered shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “strong sell” rating in a research note on Monday, August 3rd. Raymond James boosted their price objective 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. Finally, Piper Sandler boosted 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 note on Friday, July 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and a consensus target price of $18.67.

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, 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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