FY2018 EPS Estimates for Home Bancshares Inc (HOMB) Increased by FIG Partners

Home Bancshares Inc (NASDAQ:HOMB) – Stock analysts at FIG Partners raised their FY2018 earnings per share (EPS) estimates for Home Bancshares in a research note issued on Monday. FIG Partners analyst B. Martin now anticipates that the financial services provider will earn $1.75 per share for the year, up from their previous forecast of $1.65. FIG Partners also issued estimates for Home Bancshares’ FY2019 earnings at $1.88 EPS.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Home Bancshares from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $30.00 price target on shares of Home Bancshares in a research report on Friday, December 22nd. Sandler O’Neill set a $26.00 price target on shares of Home Bancshares and gave the company a “hold” rating in a research report on Thursday, January 4th. BidaskClub upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $26.00 target price on shares of Home Bancshares in a research note on Tuesday, January 9th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Home Bancshares has a consensus rating of “Hold” and an average target price of $27.50.

Home Bancshares (NASDAQ HOMB) traded up $0.33 during midday trading on Tuesday, hitting $25.10. 1,056,800 shares of the company traded hands, compared to its average volume of 991,064. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The company has a market cap of $4,360.00, a P/E ratio of 27.58 and a beta of 1.18. Home Bancshares has a fifty-two week low of $20.82 and a fifty-two week high of $29.69.

Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Home Bancshares had a net margin of 21.79% and a return on equity of 11.18%. The business had revenue of $164.30 million during the quarter, compared to analyst estimates of $165.40 million. During the same period in the previous year, the business posted $0.35 EPS. The company’s quarterly revenue was up 28.4% on a year-over-year basis.

In other Home Bancshares news, Director Jim Rankin purchased 1,337 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average price of $21.45 per share, for a total transaction of $28,678.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.27% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in Home Bancshares by 34.9% during 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 acquiring an additional 1,579,605 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Home Bancshares by 39.6% during 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 period. Northern Trust Corp grew its holdings in Home Bancshares by 19.6% during 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 period. Goldman Sachs Group Inc. grew its holdings in Home Bancshares by 7.9% during the second quarter. Goldman Sachs Group Inc. now owns 2,259,933 shares of the financial services provider’s stock valued at $56,272,000 after purchasing an additional 166,283 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Home Bancshares by 23.4% during the third quarter. Bank of New York Mellon Corp now owns 1,871,089 shares of the financial services provider’s stock valued at $47,190,000 after purchasing an additional 354,880 shares during the period. Institutional investors own 63.53% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “FY2018 EPS Estimates for Home Bancshares Inc (HOMB) Increased by FIG Partners” was published by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2018/01/23/fy2018-eps-estimates-for-home-bancshares-inc-homb-increased-by-fig-partners.html.

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).

Receive News & Ratings for Home Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply