Home BancShares Inc. (HOMB) Set to Announce Quarterly Earnings on Thursday
Home BancShares Inc. (NASDAQ:HOMB) will be issuing its quarterly earnings data before the market opens on Thursday, October 20th. Analysts expect the company to announce earnings of $0.31 per share for the quarter.
Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, July 21st. The financial services provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. Home BancShares had a return on equity of 13.43% and a net margin of 32.13%. During the same quarter in the prior year, the company earned $0.50 earnings per share. On average, analysts expect Home BancShares to post $1.23 EPS for the current fiscal year and $1.32 EPS for the next fiscal year.
Shares of Home BancShares Inc. (NASDAQ:HOMB) opened at 20.11 on Wednesday. The stock’s 50 day moving average price is $21.68 and its 200-day moving average price is $21.17. The firm has a market cap of $2.82 billion, a P/E ratio of 17.80 and a beta of 0.96. Home BancShares Inc. has a 12-month low of $16.93 and a 12-month high of $23.75.
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Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Sandler O’Neill downgraded Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a report on Tuesday, September 13th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $22.78.
In other Home BancShares news, Director Alex R. Lieblong sold 25,000 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $23.01, for a total value of $575,250.00. Following the completion of the transaction, the director now owns 805,004 shares in the company, valued at approximately $18,523,142.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jim F. Haynes, Jr. sold 3,250 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $21.47, for a total value of $69,777.50. The disclosure for this sale can be found here. Corporate insiders own 15.02% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HOMB. Fifth Third Bancorp increased its position in shares of Home BancShares by 95.2% in the second quarter. Fifth Third Bancorp now owns 36,646 shares of the financial services provider’s stock worth $725,000 after buying an additional 17,870 shares during the period. Comerica Bank increased its position in shares of Home BancShares by 96.5% in the second quarter. Comerica Bank now owns 123,317 shares of the financial services provider’s stock worth $2,665,000 after buying an additional 60,570 shares during the period. Public Sector Pension Investment Board increased its position in shares of Home BancShares by 100.0% in the second quarter. Public Sector Pension Investment Board now owns 85,816 shares of the financial services provider’s stock worth $1,698,000 after buying an additional 42,908 shares during the period. Alliancebernstein L.P. increased its position in shares of Home BancShares by 138.2% in the second quarter. Alliancebernstein L.P. now owns 219,952 shares of the financial services provider’s stock worth $4,353,000 after buying an additional 127,606 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Home BancShares during the second quarter worth about $951,000. Hedge funds and other institutional investors own 58.66% of the company’s stock.
About Home BancShares
Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).
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