Home BancShares, Inc. (HOMB) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Home BancShares, Inc. (NASDAQ:HOMB) released its quarterly earnings data on Wednesday. The financial services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01), Bloomberg Earnings reports. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same period last year, the company posted $0.33 EPS.
Shares of Home BancShares (HOMB) traded down 1.88% on Thursday, reaching $25.00. The company’s stock had a trading volume of 1,135,989 shares. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 18.70 and a beta of 1.19. Home BancShares has a 12 month low of $19.81 and a 12 month high of $29.69. The stock has a 50 day moving average of $24.04 and a 200-day moving average of $24.58.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, July 25th. Piper Jaffray Companies reissued a “neutral” rating and set a $27.00 price objective on shares of Home BancShares in a report on Thursday, October 5th. ValuEngine raised Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. BidaskClub downgraded Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $30.00 price objective on shares of Home BancShares in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.58.
In related news, Chairman John W. Allison acquired 15,000 shares of Home BancShares stock in a transaction dated Wednesday, July 26th. The shares were purchased at an average cost of $25.46 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tracy French acquired 3,100 shares of Home BancShares stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $23.54 per share, for a total transaction 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 have bought 33,100 shares of company stock worth $825,074 over the last ninety days. Insiders own 11.27% of the company’s stock.
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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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