Equities research analysts expect Home BancShares, Inc. (NASDAQ:HOMB) to report sales of $165.80 million for the current quarter, according to Zacks. Two analysts have issued estimates for Home BancShares’ earnings, with estimates ranging from $164.00 million to $167.60 million. Home BancShares reported sales of $127.04 million during the same quarter last year, which would suggest a positive year over year growth rate of 30.5%. The company is expected to report its next quarterly earnings report on Thursday, January 18th.

On average, analysts expect that Home BancShares will report full year sales of $165.80 million for the current fiscal year, with estimates ranging from $550.50 million to $560.90 million. For the next year, analysts expect that the firm 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 an average based on a survey of research analysts that cover Home BancShares.

Home BancShares (NASDAQ:HOMB) last issued its 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). The business had revenue of $128.23 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.33 EPS.

Several brokerages recently issued reports on HOMB. ValuEngine downgraded Home BancShares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded Home BancShares from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Piper Jaffray Companies reissued a “neutral” rating and set a $27.00 target price on shares of Home BancShares in a research note on Thursday, October 5th. Stephens reissued an “overweight” rating and set a $28.00 target price (down previously from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $28.00 target price on shares of Home BancShares in a research note on Friday, October 20th. 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 stock. The company presently has a consensus rating of “Hold” and an average target price of $27.79.

In other news, Director Jim Rankin acquired 1,500 shares of Home BancShares stock in a transaction on Wednesday, November 8th. The shares were acquired at an average price of $21.29 per share, with a total value of $31,935.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.27% of the company’s stock.

Several large investors have recently bought and sold shares of HOMB. State Street Corp increased its holdings 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 valued at $151,902,000 after purchasing an additional 1,579,605 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Home BancShares by 39.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock valued at $107,318,000 after purchasing an additional 1,206,395 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of 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 valued at $33,505,000 after purchasing an additional 1,206,224 shares during the last quarter. Northern Trust Corp increased its holdings 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 valued at $86,419,000 after purchasing an additional 569,061 shares during the last quarter. Finally, Barr E S & Co. increased its holdings in shares of Home BancShares by 213.3% in the third quarter. Barr E S & Co. now owns 678,069 shares of the financial services provider’s stock valued at $17,101,000 after purchasing an additional 461,649 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Home BancShares (NASDAQ:HOMB) opened at $24.08 on Tuesday. The stock has a market capitalization of $4,125.77, a P/E ratio of 17.60 and a beta of 1.17. Home BancShares has a 12 month low of $20.82 and a 12 month high of $29.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.01 and a current ratio of 1.01.

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 paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, November 14th. Home BancShares’s payout ratio is 38.94%.

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

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