Zacks: Brokerages Anticipate Home Bancshares Inc (HOMB) Will Announce Earnings of $0.37 Per Share

Equities analysts expect that Home Bancshares Inc (NASDAQ:HOMB) will report earnings of $0.37 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Home Bancshares’ earnings. The lowest EPS estimate is $0.34 and the highest is $0.41. Home Bancshares posted earnings per share of $0.33 during the same quarter last year, which would indicate a positive year over year growth rate of 12.1%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 19th.

On average, analysts expect that Home Bancshares will report full-year earnings of $1.70 per share for the current financial year, with EPS estimates ranging from $1.48 to $1.83. For the next financial year, analysts expect that the company will report earnings of $1.80 per share, with EPS estimates ranging from $1.62 to $1.90. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Home Bancshares.

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

Several analysts have commented on HOMB shares. Sandler O’Neill set a $26.00 target price on shares of Home Bancshares and gave the company a “hold” rating in a research report on Thursday, January 4th. 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 report on Tuesday, December 26th. BidaskClub upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Royal Bank of Canada reiterated a “hold” rating and set a $28.00 target price on shares of Home Bancshares in a research report on Friday, October 20th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 price objective on shares of Home Bancshares in a research report on Friday, December 22nd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.50.

Shares of Home Bancshares (NASDAQ HOMB) traded down $0.20 during trading on Tuesday, hitting $24.90. 1,013,886 shares of the company’s stock traded hands, compared to its average volume of 993,227. The company has a market cap of $4,330.00, a PE ratio of 27.36 and a beta of 1.18. Home Bancshares has a 52 week low of $20.82 and a 52 week high of $29.69. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.76.

In other news, Director Jim Rankin acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $21.29 per share, for a total transaction of $31,935.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 11.27% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new position in Home Bancshares in the 4th quarter worth $3,372,000. Mountain Pacific Investment Advisers Inc. ID acquired a new position in Home Bancshares in the 4th quarter worth $14,148,000. Strs Ohio boosted its stake in Home Bancshares by 13.1% in the 4th quarter. Strs Ohio now owns 228,800 shares of the financial services provider’s stock worth $5,319,000 after purchasing an additional 26,500 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Home Bancshares by 8.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 878,350 shares of the financial services provider’s stock worth $20,422,000 after purchasing an additional 65,280 shares during the period. Finally, Skylands Capital LLC boosted its stake in Home Bancshares by 14.2% in the 4th quarter. Skylands Capital LLC now owns 144,611 shares of the financial services provider’s stock worth $3,362,000 after purchasing an additional 18,011 shares during the period. Institutional investors and hedge funds own 63.53% of the company’s stock.

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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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