Brokerages expect Home Bancshares Inc (NASDAQ:HOMB) to report $0.46 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Home Bancshares’ earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.45. Home Bancshares reported earnings of $0.32 per share during the same quarter last year, which indicates a positive year over year growth rate of 43.8%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, October 18th.
According to Zacks, analysts expect that Home Bancshares will report full-year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.80. For the next fiscal year, analysts forecast that the business will report earnings of $1.92 per share, with EPS estimates ranging from $1.89 to $1.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Home Bancshares.
Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, July 19th. The financial services provider reported $0.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.44. The firm had revenue of $166.29 million during the quarter, compared to analyst estimates of $167.50 million. Home Bancshares had a net margin of 26.27% and a return on equity of 11.41%. During the same period in the prior year, the business earned $0.35 EPS.
A number of equities analysts recently weighed in on HOMB shares. ValuEngine raised shares of Home Bancshares from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research raised shares of Home Bancshares from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Wednesday, September 19th. Finally, BidaskClub lowered shares of Home Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Home Bancshares has an average rating of “Hold” and an average price target of $27.17.
NASDAQ HOMB traded down $0.52 on Monday, reaching $20.30. The company had a trading volume of 1,532,212 shares, compared to its average volume of 757,034. The firm has a market cap of $3.83 billion, a PE ratio of 15.04 and a beta of 1.11. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Home Bancshares has a 1-year low of $19.83 and a 1-year high of $25.89.
In other news, insider Jennifer C. Floyd sold 2,000 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $23.88, for a total transaction of $47,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.15% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its holdings in shares of 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 purchasing an additional 3,098 shares during the period. California Public Employees Retirement System raised its holdings in shares of Home Bancshares by 8.6% in the 1st quarter. California Public Employees Retirement System now owns 308,122 shares of the financial services provider’s stock valued at $7,028,000 after purchasing an additional 24,435 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Home Bancshares by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,809,059 shares of the financial services provider’s stock valued at $86,885,000 after purchasing an additional 28,473 shares during the period. Citigroup Inc. raised its holdings in shares of Home Bancshares by 41.6% in the 1st quarter. Citigroup Inc. now owns 32,477 shares of the financial services provider’s stock valued at $741,000 after purchasing an additional 9,536 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in shares of Home Bancshares in the 1st quarter valued at about $422,000. Institutional investors own 64.36% 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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