Home BancShares (HOMB) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Home BancShares (NASDAQ:HOMB) announced its earnings results on Thursday. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.02, AnalystRatings.Net reports. During the same quarter in the prior year, the company posted $0.57 earnings per share.
A number of research firms have recently commented on HOMB. Analysts at Ned Davis Research initiated coverage on shares of Home BancShares in a research note to investors on Monday, October 7th. They set a “neutral” rating on the stock. On a related note, analysts at Wunderlich downgraded shares of Home BancShares from a “buy” rating to a “hold” rating in a research note to investors on Friday, September 27th. They now have a $30.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Home BancShares from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. They now have a $31.70 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.45.
Shares of Home BancShares (NASDAQ:HOMB) opened at 31.53 on Thursday. Home BancShares has a 52-week low of $15.385 and a 52-week high of $32.06. The stock has a 50-day moving average of $29.01 and a 200-day moving average of $24.58. The company has a market cap of $1.774 billion and a P/E ratio of 26.17.
Home BancShares, Inc (NASDAQ:HOMB) is a bank holding company.
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