$0.35 EPS Expected for Home BancShares, Inc. (HOMB) This Quarter
Equities analysts expect Home BancShares, Inc. (NASDAQ:HOMB) to report earnings per share (EPS) of $0.35 for the current quarter, Zacks reports. Two analysts have made estimates for Home BancShares’ earnings. Home BancShares reported earnings of $0.31 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.9%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 19th.
On average, analysts expect that Home BancShares will report full-year earnings of $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.40. For the next fiscal year, analysts forecast that the company will report earnings of $1.60 per share, with EPS estimates ranging from $1.58 to $1.62. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Home BancShares.
Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. The business had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. During the same quarter last year, the firm posted $0.31 EPS.
HOMB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a report on Monday, May 15th. BidaskClub cut Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Stephens reissued a “buy” rating on shares of Home BancShares in a report on Thursday, April 20th. Piper Jaffray Companies reissued a “hold” rating and set a $27.00 price objective on shares of Home BancShares in a report on Friday, July 21st. Finally, Merion Capital Group reissued a “neutral” rating and set a $28.50 price objective on shares of Home BancShares in a report on Monday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Home BancShares currently has an average rating of “Hold” and a consensus price target of $28.70.
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In other Home BancShares news, insider Tracy French bought 3,100 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $23.54 per share, for a total transaction of $72,974.00. Following the purchase, the insider now directly owns 102,268 shares of the company’s stock, valued at $2,407,388.72. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman John W. Allison bought 15,000 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was acquired at an average price of $25.46 per share, for a total transaction of $381,900.00. Following the completion of the purchase, the chairman now directly owns 4,968,396 shares in the company, valued at $126,495,362.16. The disclosure for this purchase can be found here. Insiders acquired a total of 33,100 shares of company stock worth $825,074 over the last 90 days. Corporate insiders own 11.27% of the company’s stock.
A number of institutional investors have recently made changes to their positions in HOMB. BlackRock Inc. raised its position in shares of Home BancShares by 37,629.8% in the first quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock worth $444,776,000 after buying an additional 16,387,044 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Home BancShares by 9.6% in the first quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock worth $300,852,000 after buying an additional 973,217 shares in the last quarter. State Street Corp raised its position in shares of Home BancShares by 4.9% in the first quarter. State Street Corp now owns 4,520,817 shares of the financial services provider’s stock worth $122,383,000 after buying an additional 212,972 shares in the last quarter. Northern Trust Corp raised its position in shares of Home BancShares by 19.6% in the second quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after buying an additional 569,061 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Home BancShares by 21.0% in the second quarter. Victory Capital Management Inc. now owns 1,198,720 shares of the financial services provider’s stock worth $29,848,000 after buying an additional 208,180 shares in the last quarter. Institutional investors and hedge funds own 60.51% of the company’s stock.
Shares of Home BancShares (HOMB) opened at 23.63 on Friday. The firm has a market cap of $3.38 billion, a P/E ratio of 17.67 and a beta of 1.18. Home BancShares has a one year low of $19.74 and a one year high of $29.69. The firm’s 50-day moving average price is $24.76 and its 200 day moving average price is $25.82.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.11 per share. This is a boost from Home BancShares’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, August 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.86%. Home BancShares’s dividend payout ratio is 26.87%.
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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