Home BancShares Inc. (NASDAQ:HOMB) is set to post its quarterly earnings results before the market opens on Thursday, October 20th. Analysts expect Home BancShares to post earnings of $0.31 per share for the quarter.

Home BancShares (NASDAQ:HOMB) last released its earnings results on Thursday, July 21st. The financial services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. Home BancShares had a return on equity of 13.43% and a net margin of 32.13%. During the same quarter in the previous year, the firm earned $0.50 earnings per share. On average, analysts expect Home BancShares to post $1.23 EPS for the current fiscal year and $1.32 EPS for the next fiscal year.

Earnings History for Home BancShares (NASDAQ:HOMB)

Home BancShares Inc. (NASDAQ:HOMB) opened at 19.93 on Tuesday. Home BancShares Inc. has a one year low of $16.93 and a one year high of $23.75. The firm has a market capitalization of $2.80 billion, a P/E ratio of 17.64 and a beta of 0.96. The stock’s 50 day moving average is $21.76 and its 200 day moving average is $21.17.

In other Home BancShares news, insider Russell Davis Carter III sold 8,000 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $21.22, for a total value of $169,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jim F. Haynes, Jr. sold 3,250 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $21.47, for a total transaction of $69,777.50. The disclosure for this sale can be found here. 15.02% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in shares of Home BancShares by 95.2% in the second quarter. Fifth Third Bancorp now owns 36,646 shares of the financial services provider’s stock valued at $725,000 after buying an additional 17,870 shares during the last quarter. Comerica Bank increased its position in shares of Home BancShares by 96.5% in the second quarter. Comerica Bank now owns 123,317 shares of the financial services provider’s stock valued at $2,665,000 after buying an additional 60,570 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Home BancShares by 100.0% in the second quarter. Public Sector Pension Investment Board now owns 85,816 shares of the financial services provider’s stock valued at $1,698,000 after buying an additional 42,908 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Home BancShares by 138.2% in the second quarter. Alliancebernstein L.P. now owns 219,952 shares of the financial services provider’s stock valued at $4,353,000 after buying an additional 127,606 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Home BancShares during the second quarter valued at approximately $951,000. 58.66% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Home BancShares from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Monday, July 25th. Sandler O’Neill lowered shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research note on Tuesday, September 13th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $22.78.

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).

5 Day Chart for NASDAQ:HOMB

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