Home BancShares, Inc. (HOMB) Expected to Post Quarterly Sales of $165.80 Million
Equities analysts expect that Home BancShares, Inc. (NASDAQ:HOMB) will post sales of $165.80 million for the current quarter, Zacks reports. Two analysts have provided estimates for Home BancShares’ earnings, with estimates ranging from $164.00 million to $167.60 million. Home BancShares posted sales of $127.04 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 30.5%. The business is expected to issue its next earnings results on Thursday, January 18th.
On average, analysts expect that Home BancShares will report full year sales of $165.80 million for the current financial year, with estimates ranging from $550.50 million to $560.90 million. For the next financial year, analysts forecast that the company will report sales of $686.15 million per share, with estimates ranging from $679.20 million to $693.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Home BancShares.
Home BancShares (NASDAQ:HOMB) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The company had revenue of $128.23 million for the quarter, compared to analyst estimates of $135.55 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. During the same period in the previous year, the business posted $0.33 EPS.
HOMB has been the subject of a number of research analyst reports. Sandler O’Neill cut Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a report on Friday, October 20th. Stephens reaffirmed an “overweight” rating and issued a $28.00 price target (down from $29.00) on shares of Home BancShares in a report on Tuesday, September 12th. Zacks Investment Research cut Home BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. BidaskClub cut Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $27.00 price target on shares of Home BancShares in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Home BancShares currently has a consensus rating of “Hold” and a consensus price target of $27.79.
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Home BancShares (HOMB) opened at 23.11 on Friday. The firm has a market cap of $3.31 billion, a PE ratio of 17.28 and a beta of 1.19. Home BancShares has a 1-year low of $20.91 and a 1-year high of $29.69. The firm’s 50-day moving average is $24.07 and its 200 day moving average is $24.49.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.44 annualized dividend and a yield of 1.90%. Home BancShares’s dividend payout ratio is currently 38.94%.
In other news, insider Tracy French acquired 3,100 shares of the company’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $23.54 per share, with a total value of $72,974.00. Following the acquisition, the insider now owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 11.27% of the company’s stock.
Large investors have recently made changes to their positions in the business. SG Americas Securities LLC raised its holdings in Home BancShares by 53.2% during the 2nd quarter. SG Americas Securities LLC now owns 42,159 shares of the financial services provider’s stock worth $1,050,000 after purchasing an additional 14,639 shares during the last quarter. BlackRock Inc. raised its holdings in Home BancShares by 37,629.8% during the 1st 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 during the last quarter. Fortaleza Asset Management Inc. raised its holdings in Home BancShares by 84.7% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 8,667 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 3,975 shares during the last quarter. TD Asset Management Inc. raised its holdings in Home BancShares by 8.7% during the 2nd quarter. TD Asset Management Inc. now owns 49,800 shares of the financial services provider’s stock worth $1,240,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Retirement Systems of Alabama bought a new stake in Home BancShares during the 2nd quarter worth about $4,052,000. 49.84% of the stock is owned by hedge funds and other institutional investors.
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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