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) 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.
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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).
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