$0.34 Earnings Per Share Expected for Home BancShares, Inc. (HOMB) This Quarter
Wall Street brokerages expect Home BancShares, Inc. (NASDAQ:HOMB) to report earnings of $0.34 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Home BancShares’ earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.35. Home BancShares posted earnings of $0.35 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, January 18th.
On average, analysts expect that Home BancShares will report full-year earnings of $1.35 per share for the current financial year. For the next financial year, analysts forecast that the company will report earnings of $1.49 per share, with EPS estimates ranging from $1.45 to $1.54. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Home BancShares.
Home BancShares (NASDAQ:HOMB) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. The firm had revenue of $128.23 million during the quarter, compared to the consensus estimate of $135.55 million. During the same period in the prior year, the business earned $0.33 earnings per share.
HOMB has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 price target on shares of Home BancShares in a report on Friday, July 21st. Zacks Investment Research raised shares of Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday, July 25th. ValuEngine lowered shares of Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Piper Jaffray Companies reiterated a “hold” rating and set a $27.00 target price on shares of Home BancShares in a research report on Friday, July 21st. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $27.79.
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In related news, Director Jim Rankin bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average price of $21.29 per share, for a total transaction of $31,935.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11.27% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in HOMB. State Street Corp lifted its position in shares of Home BancShares by 34.9% during the 2nd 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 period. Dimensional Fund Advisors LP increased its stake in Home BancShares by 39.6% during the 3rd 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 in the last quarter. Voya Investment Management LLC increased its stake in Home BancShares by 865.4% during the 2nd 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 in the last quarter. Northern Trust Corp increased its stake in Home BancShares by 19.6% during the 2nd 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 in the last quarter. Finally, Barr E S & Co. increased its stake in Home BancShares by 213.3% during the 3rd 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 in the last quarter. Institutional investors own 51.18% of the company’s stock.
Home BancShares (NASDAQ:HOMB) opened at $21.61 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. Home BancShares has a 1-year low of $20.82 and a 1-year high of $29.69. The company has a market cap of $3,714.24, a PE ratio of 15.84 and a beta of 1.17.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be given a $0.11 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.04%. Home BancShares’s dividend payout ratio (DPR) is currently 38.94%.
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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