Home BancShares, Inc. (HOMB) Expected to Announce Quarterly Sales of $132.18 Million
Analysts expect Home BancShares, Inc. (NASDAQ:HOMB) to post $132.18 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Home BancShares’ earnings, with estimates ranging from $131.80 million to $132.55 million. Home BancShares reported sales of $122.81 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The firm is expected to issue its next quarterly earnings report before the market opens on Thursday, July 20th.
On average, analysts expect that Home BancShares will report full year sales of $132.18 million for the current financial year, with estimates ranging from $564.80 million to $568.10 million. For the next year, analysts forecast that the business will post sales of $714.85 million per share, with estimates ranging from $712.80 million to $716.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Home BancShares.
Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $141 million for the quarter, compared to analysts’ expectations of $131.04 million. Home BancShares had a return on equity of 13.81% and a net margin of 33.82%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS.
Several research analysts have recently issued reports on the stock. BidaskClub cut shares of Home BancShares from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Merion Capital Group restated a “neutral” rating and set a $28.50 target price on shares of Home BancShares in a report on Monday, April 24th. Zacks Investment Research raised shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Monday. Stephens reaffirmed a “buy” rating on shares of Home BancShares in a research note on Thursday, April 20th. Finally, Keefe, Bruyette & Woods raised shares of Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.13.
Shares of Home BancShares (NASDAQ HOMB) traded down 0.871% during midday trading on Friday, reaching $24.812. The company’s stock had a trading volume of 77,780 shares. The company has a market capitalization of $3.56 billion, a P/E ratio of 19.130 and a beta of 1.21. The stock has a 50 day moving average of $24.38 and a 200-day moving average of $26.36. Home BancShares has a 1-year low of $18.60 and a 1-year high of $29.69.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 7th. Investors of record on Wednesday, May 17th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Monday, May 15th. Home BancShares’s dividend payout ratio is currently 27.69%.
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In other Home BancShares news, insider Jim F. Haynes, Jr. sold 1,500 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $25.50, for a total value of $38,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tracy French bought 2,300 shares of the company’s stock in a transaction on Friday, May 12th. The stock was bought at an average cost of $23.79 per share, with a total value of $54,717.00. The disclosure for this purchase can be found here. Company insiders own 11.27% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. increased its position in shares of Home BancShares by 18.3% in the fourth quarter. Bessemer Group Inc. now owns 9,448 shares of the financial services provider’s stock worth $262,000 after buying an additional 1,462 shares in the last quarter. State Street Corp increased its position in shares of Home BancShares by 32.7% in the fourth quarter. State Street Corp now owns 4,307,845 shares of the financial services provider’s stock worth $119,627,000 after buying an additional 1,061,708 shares in the last quarter. FMR LLC bought a new position in shares of Home BancShares during the fourth quarter worth $25,987,000. Brown Advisory Inc. increased its position in shares of Home BancShares by 17.7% in the fourth quarter. Brown Advisory Inc. now owns 16,691 shares of the financial services provider’s stock worth $463,000 after buying an additional 2,511 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Home BancShares by 14.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 55,988 shares of the financial services provider’s stock worth $1,553,000 after buying an additional 7,262 shares in the last quarter. 60.41% of the stock is owned by institutional investors.
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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