Analysts Anticipate Home BancShares, Inc. (HOMB) to Announce $0.33 EPS
Brokerages expect Home BancShares, Inc. (NASDAQ:HOMB) to announce earnings per share of $0.33 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Home BancShares’ earnings. The highest EPS estimate is $0.35 and the lowest is $0.29. Home BancShares reported earnings of $0.31 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.5%. The firm is scheduled to report its next quarterly earnings results before the market opens on Thursday, October 19th.
On average, analysts expect that Home BancShares will report full year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.33 to $1.40. For the next financial year, analysts anticipate that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.54 to $1.62. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover 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 return on equity of 13.77% and a net margin of 33.97%. During the same period in the prior year, the firm posted $0.31 EPS.
A number of brokerages have recently issued reports on HOMB. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $27.00 target price on shares of Home BancShares in a research report on Thursday. Zacks Investment Research lowered Home BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Stephens reaffirmed an “overweight” rating and set a $28.00 target price (down from $29.00) on shares of Home BancShares in a research report on Tuesday, September 12th. ValuEngine lowered Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 target price on shares of Home BancShares in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Home BancShares has a consensus rating of “Hold” and an average price target of $28.58.
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Home BancShares (NASDAQ:HOMB) traded up 0.35% on Friday, hitting $25.71. The stock had a trading volume of 713,514 shares. The stock has a market cap of $3.68 billion, a P/E ratio of 19.23 and a beta of 1.19. The company’s 50-day moving average is $23.54 and its 200-day moving average is $24.68. Home BancShares has a one year low of $19.74 and a one year high of $29.69.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.72%. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, August 14th. Home BancShares’s dividend payout ratio (DPR) is 32.84%.
In other news, Chairman John W. Allison purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was acquired at an average cost of $25.46 per share, for a total transaction of $381,900.00. Following the completion of the purchase, the chairman now owns 4,968,396 shares of the company’s stock, valued at $126,495,362.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tracy French purchased 3,100 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $23.54 per share, with a total value of $72,974.00. Following the completion of the purchase, the insider now directly owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The disclosure for this purchase can be found here. Insiders purchased 33,100 shares of company stock valued at $825,074 over the last quarter. Insiders own 11.27% of the company’s stock.
A number of large investors have recently bought and sold shares of HOMB. BlackRock Inc. grew its stake 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 purchasing an additional 16,387,044 shares in the last quarter. State Street Corp grew its stake in Home BancShares by 34.9% in the second quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock worth $151,902,000 after purchasing an additional 1,579,605 shares in the last quarter. Voya Investment Management LLC grew its stake in Home BancShares by 865.4% in the second quarter. Voya Investment Management LLC now owns 1,345,605 shares of the financial services provider’s stock worth $33,505,000 after purchasing an additional 1,206,224 shares in the last quarter. Vanguard Group Inc. grew its stake 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 worth $300,852,000 after purchasing an additional 973,217 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Home BancShares by 19.6% in the second quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after purchasing an additional 569,061 shares in the last quarter. Institutional investors and hedge funds own 60.59% of the company’s stock.
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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