FY2018 EPS Estimates for Home Bancshares Inc (HOMB) Raised by Analyst
Home Bancshares Inc (NASDAQ:HOMB) – Stock analysts at FIG Partners lifted their FY2018 EPS estimates for Home Bancshares in a note issued to investors on Monday. FIG Partners analyst B. Martin now forecasts that the financial services provider will earn $1.75 per share for the year, up from their prior estimate of $1.65. FIG Partners also issued estimates for Home Bancshares’ FY2019 earnings at $1.88 EPS.
Several other research firms have also recently weighed in on HOMB. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $27.00 target price on shares of Home Bancshares in a research note on Thursday, October 5th. Sandler O’Neill cut shares of Home Bancshares from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research note on Friday, October 20th. BidaskClub raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Royal Bank of Canada reaffirmed a “hold” rating and set a $28.00 target price on shares of Home Bancshares in a research note on Friday, October 20th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 target price on shares of Home Bancshares in a research note on Friday, December 22nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $27.50.
Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings data 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. The firm had revenue of $164.30 million for the quarter, compared to the consensus estimate of $165.40 million. Home Bancshares had a net margin of 21.79% and a return on equity of 11.18%. The company’s revenue was up 28.4% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS.
In other Home Bancshares news, Director Jim Rankin acquired 1,337 shares of the company’s stock in a transaction on Friday, November 10th. The stock was acquired at an average cost of $21.45 per share, with a total value of $28,678.65. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 11.27% of the company’s stock.
Several large investors have recently modified their holdings of HOMB. First Bank & Trust purchased a new position in shares of Home Bancshares during the 3rd quarter worth about $117,000. Advisor Group Inc. boosted its stake in shares of Home Bancshares by 11.7% during the 2nd quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 554 shares during the period. Sei Investments Co. boosted its stake in shares of Home Bancshares by 144.7% during the 3rd quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 4,163 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Home Bancshares during the 3rd quarter worth about $201,000. Finally, Riverhead Capital Management LLC boosted its stake in shares of Home Bancshares by 70.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,854 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 3,654 shares during the period. 63.53% of the stock is owned by institutional investors and hedge funds.
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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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