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

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) released its earnings results on Thursday. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company posted $0.44 EPS.

Home Bancshares, Inc. (Conway, AR) stock opened at $16.60 on Friday. The firm’s 50 day simple moving average is $16.03 and its 200-day simple moving average is $15.10. The company has a market cap of $2.74 billion, a P/E ratio of 13.17 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.96 and a quick ratio of 0.96. Home Bancshares, Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $21.04.

A number of research firms recently commented on HOMB. 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 target price on the stock in a report on Tuesday, August 4th. Citigroup boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. BidaskClub downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Tuesday, August 25th. Raymond James boosted 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 report on Friday, July 17th. Finally, ValuEngine downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “strong sell” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target 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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