Zacks: Analysts Anticipate Home BancShares, Inc. (NASDAQ:HOMB) Will Announce Earnings of $0.34 Per Share
Wall Street analysts predict that Home BancShares, Inc. (NASDAQ:HOMB) will post earnings of $0.34 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Home BancShares’ earnings. Home BancShares posted earnings of $0.31 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 19th.
According to Zacks, analysts expect that Home BancShares will report full year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.36. For the next fiscal year, analysts forecast that the firm will post earnings of $1.62 per share, with EPS estimates ranging from $1.61 to $1.62. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Home BancShares.
Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company had revenue of $131.77 million during the quarter, compared to analyst estimates of $132.18 million. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same period last year, the business earned $0.31 EPS.
HOMB has been the subject of a number of research reports. Stephens reaffirmed a “buy” rating on shares of Home BancShares in a research note on Thursday, April 20th. Merion Capital Group reaffirmed a “neutral” rating and issued a $28.50 price objective on shares of Home BancShares in a research note on Monday, April 24th. Keefe, Bruyette & Woods upgraded shares of Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a report on Monday, May 15th. BidaskClub upgraded shares of Home BancShares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Zacks Investment Research upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Monday, June 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $29.30.
Shares of Home BancShares (NASDAQ:HOMB) traded up 1.60% on Monday, hitting $24.78. 446,620 shares of the company traded hands. Home BancShares has a 1-year low of $19.74 and a 1-year high of $29.69. The firm’s 50-day moving average is $24.63 and its 200 day moving average is $26.05. The firm has a market capitalization of $3.55 billion, a P/E ratio of 18.56 and a beta of 1.19.
In other news, insider Tracy French bought 2,300 shares of Home BancShares stock in a transaction on Friday, May 12th. The stock was acquired at an average cost of $23.79 per share, for a total transaction of $54,717.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jim F. Haynes, Jr. sold 1,500 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $25.50, for a total transaction of $38,250.00. The disclosure for this sale can be found here. Insiders own 11.27% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in Home BancShares by 37,629.8% in the first quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock valued at $444,776,000 after buying an additional 16,387,044 shares during the period. Vanguard Group Inc. increased its position in Home BancShares by 9.6% in the first quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock valued at $300,852,000 after buying an additional 973,217 shares during the period. State Street Corp increased its position in Home BancShares by 4.9% in the first quarter. State Street Corp now owns 4,520,817 shares of the financial services provider’s stock valued at $122,383,000 after buying an additional 212,972 shares during the period. Geode Capital Management LLC increased its position in Home BancShares by 11.9% in the first quarter. Geode Capital Management LLC now owns 1,136,720 shares of the financial services provider’s stock valued at $30,771,000 after buying an additional 120,919 shares during the period. Finally, Principal Financial Group Inc. increased its position in Home BancShares by 5.1% in the first quarter. Principal Financial Group Inc. now owns 978,476 shares of the financial services provider’s stock valued at $26,487,000 after buying an additional 47,059 shares during the period. Institutional investors and hedge funds own 60.23% of the company’s stock.
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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).
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