Home BancShares, Inc. (NASDAQ:HOMB) – Analysts at FIG Partners cut their FY2017 EPS estimates for Home BancShares in a note issued to investors on Monday. FIG Partners analyst B. Martin now anticipates that the financial services provider will post earnings per share of $1.35 for the year, down from their previous forecast of $1.37. FIG Partners also issued estimates for Home BancShares’ Q4 2017 earnings at $0.34 EPS, Q1 2018 earnings at $0.34 EPS, Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.45 EPS.

Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. The business had revenue of $128.23 million during the quarter, compared to analysts’ expectations of $135.55 million. During the same period last year, the company earned $0.33 EPS.

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HOMB has been the topic of several other research reports. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $27.00 price objective on shares of Home BancShares in a research note on Thursday, October 5th. ValuEngine raised shares of Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Zacks Investment Research raised 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. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Home BancShares in a research note on Friday, July 21st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Home BancShares in a research note on Friday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Home BancShares currently has an average rating of “Hold” and an average target price of $28.07.

Shares of Home BancShares (HOMB) opened at 23.04 on Tuesday. Home BancShares has a one year low of $20.22 and a one year high of $29.69. The stock has a market cap of $3.30 billion, a P/E ratio of 17.23 and a beta of 1.19. The firm has a 50 day moving average of $24.09 and a 200 day moving average of $24.52.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of 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 acquiring an additional 16,387,044 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 973,217 shares in the last quarter. State Street Corp increased its position in shares of 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 acquiring an additional 1,579,605 shares in the last quarter. Northern Trust Corp increased its position in shares of 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 acquiring an additional 569,061 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Home BancShares by 7.9% in the second quarter. Goldman Sachs Group Inc. now owns 2,259,933 shares of the financial services provider’s stock worth $56,272,000 after acquiring an additional 166,283 shares in the last quarter. 49.84% of the stock is currently owned by institutional investors and hedge funds.

In other news, Chairman John W. Allison bought 15,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were acquired at an average cost of $25.46 per share, with a total value of $381,900.00. Following the completion of the transaction, the chairman now directly owns 4,968,396 shares in the company, valued at approximately $126,495,362.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tracy French bought 3,100 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $23.54 per share, for a total transaction of $72,974.00. Following the completion of the transaction, the insider now owns 102,268 shares of the company’s stock, valued at $2,407,388.72. The disclosure for this purchase can be found here. Company insiders own 11.27% of the company’s stock.

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).

Earnings History and Estimates for Home BancShares (NASDAQ:HOMB)

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