Wall Street brokerages expect that Home Bancshares Inc (NASDAQ:HOMB) will announce $0.44 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Home Bancshares’ earnings. The highest EPS estimate is $0.45 and the lowest is $0.44. Home Bancshares posted earnings per share of $0.35 during the same quarter last year, which would suggest a positive year over year growth rate of 25.7%. The company is expected 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 earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.72 to $1.79. For the next financial year, analysts anticipate that the company will report earnings of $1.89 per share, with EPS estimates ranging from $1.86 to $1.92. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Home Bancshares.
Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. Home Bancshares had a return on equity of 11.35% and a net margin of 24.23%. The firm had revenue of $186.70 million during the quarter, compared to the consensus estimate of $164.30 million. During the same period last year, the company earned $0.33 earnings per share. The business’s revenue was up 32.4% compared to the same quarter last year.
Several brokerages have recently commented on HOMB. Citigroup began coverage on Home Bancshares in a research note on Monday, June 18th. They set a “buy” rating and a $28.00 target price for the company. Zacks Investment Research downgraded Home Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, March 27th. BidaskClub downgraded Home Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, June 15th. Sandler O’Neill upgraded Home Bancshares from a “hold” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $26.00 in a research note on Friday, April 20th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $28.00 target price on shares of Home Bancshares in a research note on Friday, April 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.43.
Shares of NASDAQ HOMB traded up $0.13 during midday trading on Tuesday, hitting $22.83. 476,200 shares of the company’s stock were exchanged, compared to its average volume of 826,393. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.66. Home Bancshares has a 12 month low of $20.82 and a 12 month high of $25.90. The company has a market capitalization of $3.91 billion, a P/E ratio of 16.81 and a beta of 1.21.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 6th. Investors of record on Wednesday, May 16th were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, May 15th. This represents a $0.44 annualized dividend and a yield of 1.93%. Home Bancshares’s dividend payout ratio (DPR) is presently 32.59%.
In other news, Chairman John W. Allison purchased 20,000 shares of Home Bancshares stock in a transaction that occurred on Thursday, April 19th. The stock was acquired at an average cost of $21.32 per share, for a total transaction of $426,400.00. Following the purchase, the chairman now directly owns 5,160,629 shares of the company’s stock, valued at approximately $110,024,610.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Russell Davis Carter III sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 8th. The shares were 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 of the company’s stock, valued at $384,850.53. The disclosure for this sale can be found here. Insiders sold a total of 53,500 shares of company stock valued at $1,267,604 over the last 90 days. 9.15% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC boosted its stake in Home Bancshares by 8.5% in the 1st quarter. Aperio Group LLC now owns 37,187 shares of the financial services provider’s stock valued at $848,000 after purchasing an additional 2,905 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in Home Bancshares by 9.7% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 33,900 shares of the financial services provider’s stock valued at $788,000 after acquiring an additional 3,000 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Home Bancshares by 3.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 95,274 shares of the financial services provider’s stock valued at $2,174,000 after acquiring an additional 3,098 shares in the last quarter. King Luther Capital Management Corp raised its holdings in Home Bancshares by 0.4% in the 4th quarter. King Luther Capital Management Corp now owns 789,047 shares of the financial services provider’s stock valued at $18,345,000 after acquiring an additional 3,375 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in Home Bancshares by 3.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 98,553 shares of the financial services provider’s stock valued at $2,291,000 after acquiring an additional 3,447 shares in the last quarter. Institutional investors and hedge funds own 64.54% of the company’s stock.
Home Bancshares 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, and money market accounts, as well as certificates of deposit.
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