Equities analysts expect Home Bancshares Inc (NASDAQ:HOMB) to report $165.97 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Home Bancshares’ earnings, with the lowest sales estimate coming in at $163.20 million and the highest estimate coming in at $167.90 million. Home Bancshares reported sales of $131.77 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 26%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, July 19th.
On average, analysts expect that Home Bancshares will report full year sales of $671.20 million for the current financial year, with estimates ranging from $669.80 million to $673.50 million. For the next year, analysts expect that the business will report sales of $711.13 million per share, with estimates ranging from $710.80 million to $711.40 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Home Bancshares.
Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Home Bancshares had a return on equity of 11.35% and a net margin of 24.23%. The company had revenue of $186.70 million during the quarter, compared to analyst estimates of $164.30 million. During the same period in the prior year, the company earned $0.33 earnings per share. The firm’s revenue was up 32.4% on a year-over-year basis.
HOMB has been the subject of a number of research reports. Zacks Investment Research lowered Home Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, March 27th. Piper Jaffray Companies upgraded Home Bancshares from a “neutral” rating to an “overweight” rating and set a $28.00 price objective on the stock in a research report on Thursday, March 1st. Sandler O’Neill set a $25.00 price objective on Home Bancshares and gave the company a “hold” rating in a research report on Wednesday, March 28th. FIG Partners upgraded Home Bancshares from a “market-perform” rating to an “outperform” rating in a research report on Friday, April 20th. Finally, BidaskClub downgraded Home Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, April 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Home Bancshares presently has a consensus rating of “Hold” and an average target price of $27.43.
Shares of Home Bancshares stock opened at $22.88 on Thursday. Home Bancshares has a 12 month low of $20.82 and a 12 month high of $25.90. The company has a market cap of $4.03 billion, a P/E ratio of 16.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.02 and a quick ratio of 1.02.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Shareholders of record on Wednesday, May 16th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, May 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.92%. Home Bancshares’s dividend payout ratio (DPR) is presently 32.59%.
In other news, Director James G. Hinkle sold 25,881 shares of the stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $23.70, for a total value of $613,379.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Russell Davis Carter III sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $23.67, for a total value of $82,845.00. Following the completion of the sale, the insider now owns 16,259 shares in the company, valued at $384,850.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,500 shares of company stock worth $1,267,604. Company insiders own 9.15% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HOMB. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Home Bancshares in the fourth quarter worth approximately $205,000. Zeke Capital Advisors LLC purchased a new position in Home Bancshares during the 1st quarter worth $205,000. Sciencast Management LP purchased a new position in Home Bancshares during the 1st quarter worth $209,000. Meadow Creek Investment Management LLC increased its holdings in Home Bancshares by 69.9% during the 4th quarter. Meadow Creek Investment Management LLC now owns 10,224 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 4,208 shares during the period. Finally, Stone Ridge Asset Management LLC purchased a new position in Home Bancshares during the 4th quarter worth $324,000. Hedge funds and other institutional investors own 64.54% of the company’s stock.
About Home Bancshares
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, and money market accounts, as well as certificates of deposit.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Home Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.