Home BancShares, Inc. (HOMB) Set to Announce Quarterly Earnings on Wednesday
Home BancShares, Inc. (NASDAQ:HOMB) will issue its quarterly earnings data before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.
Home BancShares (NASDAQ:HOMB) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. The company had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, analysts expect Home BancShares to post $1.38 EPS for the current fiscal year and $1.62 EPS for the next fiscal year.
Home BancShares, Inc. (NASDAQ:HOMB) opened at 25.74 on Wednesday. The company has a market capitalization of $3.68 billion, a P/E ratio of 19.25 and a beta of 1.19. Home BancShares, Inc. has a 52 week low of $19.74 and a 52 week high of $29.69. The firm has a 50 day moving average of $23.73 and a 200-day moving average of $24.62.
In other Home BancShares news, insider Tracy French bought 3,100 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $23.54 per share, for a total transaction of $72,974.00. Following the transaction, the insider now directly owns 102,268 shares in the company, valued at $2,407,388.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman John W. Allison bought 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average price of $24.68 per share, for a total transaction of $370,200.00. Following the completion of the transaction, the chairman now owns 4,953,896 shares in the company, valued at $122,262,153.28. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 33,100 shares of company stock worth $825,074. 11.27% of the stock is owned by corporate insiders.
A number of equities research analysts have recently weighed in on HOMB shares. ValuEngine upgraded shares of Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 price target on shares of Home BancShares in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, July 25th. Piper Jaffray Companies restated a “hold” rating and issued a $27.00 price target on shares of Home BancShares in a research note on Friday, July 21st. Finally, Stephens restated an “overweight” rating and issued a $28.00 price target (down from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $28.58.
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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