Home BancShares (NASDAQ:HOMB) announced its quarterly earnings data on Thursday. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01, Bloomberg Earnings reports. The company had revenue of $164.30 million during the quarter, compared to the consensus estimate of $165.40 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. The company’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS.

Shares of Home BancShares (NASDAQ HOMB) traded up $0.07 on Thursday, hitting $24.69. The company had a trading volume of 1,130,500 shares, compared to its average volume of 894,445. Home BancShares has a 12 month low of $20.82 and a 12 month high of $29.69. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.64. The company has a market cap of $4,275.11, a PE ratio of 21.85 and a beta of 1.17.

In related news, Director Jim Rankin acquired 1,500 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were acquired at an average cost of $21.29 per share, for a total transaction of $31,935.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 11.27% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. M&T Bank Corp lifted its stake in Home BancShares by 0.4% during the 2nd quarter. M&T Bank Corp now owns 12,066 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 48 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Home BancShares by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 379 shares in the last quarter. Advisor Group Inc. lifted its stake in Home BancShares by 11.7% during the 2nd quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 554 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Home BancShares by 8.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,361 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 936 shares in the last quarter. Finally, Dana Investment Advisors Inc. lifted its stake in Home BancShares by 0.7% during the 2nd quarter. Dana Investment Advisors Inc. now owns 174,174 shares of the financial services provider’s stock valued at $4,337,000 after acquiring an additional 1,245 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

A number of equities analysts recently issued reports on HOMB shares. Zacks Investment Research upgraded Home BancShares from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, December 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $30.00 target price on shares of Home BancShares in a report on Friday, December 22nd. Sandler O’Neill set a $26.00 target price on Home BancShares and gave the stock a “hold” rating in a report on Thursday, January 4th. Piper Jaffray Companies reiterated a “hold” rating and issued a $26.00 target price on shares of Home BancShares in a report on Tuesday, January 9th. Finally, BidaskClub upgraded Home BancShares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.50.

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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).

Earnings History for Home BancShares (NASDAQ:HOMB)

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