Equities research analysts expect Home Bancshares Inc (NASDAQ:HOMB) to announce sales of $171.67 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Home Bancshares’ earnings. The highest sales estimate is $172.70 million and the lowest is $170.20 million. Home Bancshares reported sales of $128.23 million during the same quarter last year, which would suggest a positive year over year growth rate of 33.9%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, October 18th.

According to Zacks, analysts expect that Home Bancshares will report full year sales of $674.63 million for the current financial year, with estimates ranging from $669.80 million to $678.00 million. For the next fiscal year, analysts forecast that the company will report sales of $721.57 million, with estimates ranging from $715.90 million to $726.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Home Bancshares.

Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.44 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.44. Home Bancshares had a return on equity of 11.41% and a net margin of 26.27%. The firm had revenue of $166.29 million for the quarter, compared to the consensus estimate of $167.50 million. During the same period in the previous year, the business earned $0.35 earnings per share.

A number of analysts recently weighed in on HOMB shares. Zacks Investment Research downgraded Home Bancshares from a “buy” rating to a “hold” rating in a research note on Monday, September 3rd. ValuEngine downgraded Home Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. BidaskClub downgraded Home Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Finally, Citigroup assumed coverage on Home Bancshares in a research report on Monday, June 18th. They set a “buy” rating and a $28.00 target price on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $27.17.

In other Home Bancshares news, insider Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $23.88, for a total transaction of $47,760.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.15% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of HOMB. BlackRock Inc. lifted its position in shares of Home Bancshares by 5.8% in the second quarter. BlackRock Inc. now owns 18,236,202 shares of the financial services provider’s stock valued at $411,409,000 after acquiring an additional 1,006,179 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Home Bancshares by 41.3% in the second quarter. American Century Companies Inc. now owns 2,100,845 shares of the financial services provider’s stock valued at $47,395,000 after acquiring an additional 614,094 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Home Bancshares by 1,050.7% in the first quarter. Nuveen Asset Management LLC now owns 643,135 shares of the financial services provider’s stock valued at $14,670,000 after acquiring an additional 587,243 shares in the last quarter. Maltese Capital Management LLC lifted its position in shares of Home Bancshares by 92.5% in the first quarter. Maltese Capital Management LLC now owns 905,188 shares of the financial services provider’s stock valued at $20,647,000 after acquiring an additional 435,061 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Home Bancshares by 425.8% in the second quarter. Millennium Management LLC now owns 408,036 shares of the financial services provider’s stock valued at $9,205,000 after acquiring an additional 330,431 shares in the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

Shares of Home Bancshares stock traded down $0.45 during trading on Friday, reaching $22.51. The company’s stock had a trading volume of 16,887 shares, compared to its average volume of 574,894. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. Home Bancshares has a 12-month low of $20.82 and a 12-month high of $25.89. The company has a market cap of $4.02 billion, a PE ratio of 17.01 and a beta of 1.17.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Wednesday, August 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.13%. This is an increase from Home Bancshares’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, August 14th. Home Bancshares’s payout ratio is presently 35.56%.

Home Bancshares Company Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, and money market accounts, as well as certificates of deposit.

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Earnings History and Estimates for Home Bancshares (NASDAQ:HOMB)

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