Home BancShares (HOMB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric t ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its d ...

Group 1: Stock Performance and Technical Analysis - Home BancShares (HOMB) shares have declined by 10% over the past two weeks, but a hammer chart pattern formed in the last trading session suggests potential support and a possible trend reversal [1] - The hammer pattern indicates a nearing bottom with likely subsiding selling pressure, signaling that bulls may be gaining control over the stock price [2] Group 2: Fundamental Indicators - There has been a 4.7% increase in the consensus EPS estimate for HOMB over the last 30 days, indicating strong agreement among analysts that the company will report better earnings than previously predicted [3] - HOMB holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [3] - The Zacks Rank serves as a timing indicator, suggesting that HOMB's prospects are beginning to improve, further supporting the case for a potential trend reversal [3]

Further, the management mentioned in the conference call that payoffs from the Centennial Commercial Finance Group ("CCFG") will increase in the latter half of 2024. | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|--------| | | | | | | | | | | Financial Position | FY19 | FY20 | FY21 | FY22 | FY23 | FY24E | FY25E | | Net Loans | 10,768 | 10,975 | 9 ...

Group 1 - Home BancShares, Inc. declared a quarterly cash dividend of $0.195 per share, payable on September 4, 2024, to shareholders of record on August 14, 2024 [1] - This cash dividend represents an increase of $0.015 per share, or 8.3%, compared to the $0.18 cash dividend paid in the second quarter of 2024 [1] Group 2 - Home BancShares, Inc. is a bank holding company headquartered in Conway, Arkansas, with its wholly-owned subsidiary, Centennial Bank, providing a range of commercial and retail banking services [2] - Centennial Bank operates branch locations in Arkansas, Florida, Texas, South Alabama, and New York City [2] - The company's common stock is traded on the New York Stock Exchange under the symbol "HOMB" [2]

CONWAY, Ark., July 24, 2024 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB), parent company of Centennial Bank, today announced that its Board of Directors has declared a regular $0.195 per share quarterly cash dividend payable September 4, 2024, to shareholders of record August 14, 2024. This cash dividend represents a $0.015 per share, or 8.3%, increase over the $0.18 cash dividend paid during the second quarter of 2024. FOR MORE INFORMATION CONTACT: Donna Townsell Senior Executive Vice President & ...

Company Performance - Home BancShares reported revenues of $254.6 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 3.99% and down from $257.15 million year-over-year [1] - The company achieved an earnings surprise of 8.33%, with quarterly earnings of $0.52 per share, surpassing the Zacks Consensus Estimate of $0.48 per share [3][9] - Over the last four quarters, Home BancShares has surpassed consensus EPS estimates three times [4] Industry Outlook - The Zacks Industry Rank for Banks - Southeast is currently in the bottom 26% of over 250 Zacks industries, indicating a challenging environment for the sector [2] - Empirical research suggests that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [2] Future Expectations - The current consensus EPS estimate for the upcoming quarter is $0.21 per share, reflecting a year-over-year decline of 8.7% [8] - The consensus EPS estimate for the current fiscal year is $1.97 on revenues of $998.9 million [12] - The estimate revisions trend for Home BancShares is favorable, leading to a Zacks Rank 2 (Buy) for the stock, suggesting expected outperformance in the near future [7] Stock Performance - Home BancShares shares have increased approximately 5.2% since the beginning of the year, compared to the S&P 500's gain of 18.8% [5] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [10]

(1) Conway, AR – Home BancShares, Inc. (NYSE: HOMB) ("Home" or the "Company"), parent company of Centennial Bank, released quarterly earnings today. Liquidity and Funding Sources Consistent with the Company's practice of maintaining access to significant external liquidity, the Company had $3.15 billion in net available external liquidity as of June 30, 2024. This included $4.81 billion in available liquidity with the Federal Home Loan Bank (FHLB), of which $1.86 billion has been drawn upon in the ordinary ...

Home BancShares, Inc. Consolidated Net Interest Margin (Unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------------------------------------------|-----------------|-------------|-------|--------------------------------|-----------------|-------------|-------| | (Dollars in thousands) \nASSETS | Three Months Ended \nJune 30, 2024 Average Balance | Income/ Expense | Yield/ Rate | | March 31, 2024 Average Balance | Income/ Expense | ...