$0.35 Earnings Per Share Expected for Home BancShares, Inc. (NASDAQ:HOMB) This Quarter
Brokerages forecast that Home BancShares, Inc. (NASDAQ:HOMB) will post earnings per share of $0.35 for the current quarter, according to Zacks. Two analysts have issued estimates for Home BancShares’ earnings. Home BancShares reported earnings per share of $0.31 during the same quarter last year, which suggests a positive year-over-year growth rate of 12.9%. The company is scheduled to issue its next earnings results on Thursday, October 19th.
According to Zacks, analysts expect that Home BancShares will report full-year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.40. For the next year, analysts expect that the business will report earnings of $1.60 per share, with EPS estimates ranging from $1.58 to $1.62. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Home BancShares.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data 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 business had revenue of $131.77 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $0.31 EPS.
Several brokerages have recently weighed in on HOMB. Piper Jaffray Companies restated a “hold” rating and issued a $27.00 target price on shares of Home BancShares in a research note on Friday, July 21st. BidaskClub upgraded shares of Home BancShares from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Merion Capital Group reiterated a “neutral” rating and set a $28.50 price objective on shares of Home BancShares in a research note on Monday, April 24th. Zacks Investment Research upgraded shares of Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 price objective on shares of Home BancShares in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.70.
In related news, insider Tracy French acquired 3,100 shares of Home BancShares stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $23.54 per share, for a total transaction of $72,974.00. Following the purchase, the insider now directly owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John W. Allison acquired 15,000 shares of Home BancShares stock in a transaction on Wednesday, July 26th. The shares were bought at an average price of $25.46 per share, for a total transaction of $381,900.00. Following the completion of the purchase, the chairman now directly owns 4,968,396 shares in the company, valued at $126,495,362.16. The disclosure for this purchase can be found here. Insiders have acquired a total of 33,100 shares of company stock worth $825,074 over the last quarter. 11.27% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HOMB. 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 worth $444,776,000 after buying an additional 16,387,044 shares during the period. State of Alaska Department of Revenue increased its position in Home BancShares by 3.9% in the first quarter. State of Alaska Department of Revenue now owns 13,990 shares of the financial services provider’s stock worth $378,000 after buying an additional 530 shares during the last quarter. Karp Capital Management Corp acquired a new position in Home BancShares during the first quarter worth about $810,000. Stieven Capital Advisors L.P. acquired a new position in Home BancShares during the first quarter worth about $2,707,000. Finally, Great West Life Assurance Co. Can increased its position in Home BancShares by 8.4% in the first quarter. Great West Life Assurance Co. Can now owns 176,244 shares of the financial services provider’s stock worth $4,768,000 after buying an additional 13,653 shares during the last quarter. Hedge funds and other institutional investors own 60.51% of the company’s stock.
Shares of Home BancShares (NASDAQ:HOMB) opened at 23.63 on Friday. Home BancShares has a 52-week low of $19.74 and a 52-week high of $29.69. The stock has a market capitalization of $3.38 billion, a PE ratio of 17.67 and a beta of 1.18. The stock’s 50 day moving average is $24.76 and its 200 day moving average is $25.82.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.86%. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, August 14th. Home BancShares’s dividend payout ratio is 26.87%.
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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