Home BancShares, Inc. (NASDAQ:HOMB) announced its quarterly earnings results on Thursday. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02, Bloomberg Earnings reports. Home BancShares had a return on equity of 13.81% and a net margin of 33.82%. During the same quarter in the prior year, the business posted $0.31 earnings per share.

Shares of Home BancShares (NASDAQ HOMB) traded down 1.61% on Thursday, hitting $24.50. The company had a trading volume of 626,285 shares. Home BancShares has a 1-year low of $19.74 and a 1-year high of $29.69. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 18.89 and a beta of 1.19. The company has a 50 day moving average price of $24.60 and a 200 day moving average price of $26.06.

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Several equities research analysts have issued reports on HOMB shares. Keefe, Bruyette & Woods raised Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Monday, May 15th. Zacks Investment Research upgraded Home BancShares from a “sell” rating to a “hold” rating in a research report on Monday, June 26th. Stephens reiterated a “buy” rating on shares of Home BancShares in a research report on Thursday, April 20th. Merion Capital Group reiterated a “neutral” rating and set a $28.50 price objective on shares of Home BancShares in a research report on Monday, April 24th. Finally, BidaskClub cut Home BancShares from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Home BancShares has an average rating of “Hold” and an average target price of $28.13.

In related news, insider Tracy French acquired 2,300 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were acquired at an average price of $23.79 per share, with a total value of $54,717.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jim F. Haynes, Jr. sold 1,500 shares of the stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $25.50, for a total value of $38,250.00. The disclosure for this sale can be found here. Corporate insiders own 11.27% of the company’s stock.

A number of hedge funds have recently modified their holdings of HOMB. Oregon Public Employees Retirement Fund bought a new stake in shares of Home BancShares during the second quarter worth about $119,000. LS Investment Advisors LLC raised its position in shares of Home BancShares by 58.7% in the first quarter. LS Investment Advisors LLC now owns 7,367 shares of the financial services provider’s stock worth $199,000 after buying an additional 2,725 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Home BancShares during the first quarter worth $204,000. Stifel Financial Corp raised its position in shares of Home BancShares by 6.5% in the first quarter. Stifel Financial Corp now owns 7,930 shares of the financial services provider’s stock worth $213,000 after buying an additional 485 shares in the last quarter. Finally, World Asset Management Inc raised its position in shares of Home BancShares by 3.4% in the first quarter. World Asset Management Inc now owns 8,027 shares of the financial services provider’s stock worth $217,000 after buying an additional 264 shares in the last quarter. 60.24% of the stock is currently owned by institutional investors and hedge funds.

Home BancShares Company Profile

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).

Earnings History for Home BancShares (NASDAQ:HOMB)

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