FIG Partners Weighs in on Home BancShares Inc.’s Q3 2017 Earnings (HOMB)
Home BancShares Inc. (NASDAQ:HOMB) – Investment analysts at FIG Partners boosted their Q3 2017 earnings estimates for shares of Home BancShares in a report issued on Friday. FIG Partners analyst B. Martin now forecasts that the firm will earn $0.35 per share for the quarter, up from their prior estimate of $0.34. FIG Partners also issued estimates for Home BancShares’ Q4 2017 earnings at $0.35 EPS, FY2017 earnings at $1.34 EPS and FY2018 earnings at $1.43 EPS.
Other equities analysts have also issued reports about the company. Merion Cap Grp lowered Home BancShares from an “outperform” rating to a “neutral” rating in a research report on Friday, November 11th. Keefe, Bruyette & Woods lowered Home BancShares from an “outperform” rating to a “market perform” rating and set a $23.00 price objective on the stock. in a research report on Thursday, November 10th. Merion Capital Group reiterated a “neutral” rating on shares of Home BancShares in a research report on Friday, November 11th. Zacks Investment Research upgraded Home BancShares from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Monday, July 25th. Finally, Sandler O’Neill lowered Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research report on Tuesday, September 13th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Home BancShares presently has an average rating of “Hold” and an average price target of $22.91.
Shares of Home BancShares (NASDAQ:HOMB) opened at 25.78 on Monday. Home BancShares has a 12-month low of $16.93 and a 12-month high of $26.07. The company has a market cap of $3.62 billion, a P/E ratio of 21.87 and a beta of 0.96. The stock’s 50 day moving average price is $21.43 and its 200 day moving average price is $21.35.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Home BancShares had a return on equity of 13.46% and a net margin of 32.41%. During the same quarter in the prior year, the business earned $0.53 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Wednesday, November 16th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.40%. The ex-dividend date is Monday, November 14th. Home BancShares’s dividend payout ratio (DPR) is currently 30.38%.
In other news, CFO Brian Davis sold 14,888 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $23.15, for a total value of $344,657.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tracy French sold 96,000 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $23.38, for a total value of $2,244,480.00. The disclosure for this sale can be found here. 15.02% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Home BancShares by 130.7% in the first quarter. BlackRock Inc. now owns 3,745 shares of the financial services provider’s stock worth $153,000 after buying an additional 2,122 shares during the last quarter. M&T Bank Corp boosted its position in shares of Home BancShares by 2.8% in the first quarter. M&T Bank Corp now owns 5,419 shares of the financial services provider’s stock worth $222,000 after buying an additional 149 shares during the last quarter. Delta Asset Management LLC TN boosted its position in shares of Home BancShares by 100.0% in the second quarter. Delta Asset Management LLC TN now owns 6,244 shares of the financial services provider’s stock worth $124,000 after buying an additional 3,122 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Home BancShares by 13.6% in the third quarter. Riverhead Capital Management LLC now owns 6,600 shares of the financial services provider’s stock worth $137,000 after buying an additional 792 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Home BancShares during the second quarter worth about $133,000. Institutional investors own 59.86% of the company’s stock.
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).
Receive News & Stock Ratings for Home BancShares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home BancShares Inc. and related stocks with our FREE daily email newsletter.