Home BancShares, Inc. (HOMB) Expected to Announce Earnings of $0.35 Per Share
Brokerages expect that Home BancShares, Inc. (NASDAQ:HOMB) will post earnings per share (EPS) of $0.35 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Home BancShares’ earnings. The lowest EPS estimate is $0.34 and the highest is $0.35. Home BancShares reported earnings per share of $0.31 in the same quarter last year, which indicates a positive year-over-year growth rate of 12.9%. The company is expected to issue its next 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 firm will report earnings of $1.59 per share, with EPS estimates ranging from $1.58 to $1.62. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Home BancShares.
Home BancShares (NASDAQ:HOMB) last released its earnings results on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. The company had revenue of $131.77 million for the quarter, compared to the consensus estimate of $132.18 million. During the same quarter last year, the business posted $0.31 EPS.
Several equities analysts recently issued reports on HOMB shares. Keefe, Bruyette & Woods upgraded Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research note on Monday, May 15th. BidaskClub upgraded Home BancShares from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded Home BancShares from a “sell” rating to a “hold” rating in a research note on Monday, June 26th. ValuEngine upgraded Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $27.00 price objective on shares of Home BancShares in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.70.
Home BancShares (NASDAQ:HOMB) traded up 0.09% on Wednesday, reaching $23.33. The company’s stock had a trading volume of 582,222 shares. Home BancShares has a 52 week low of $19.74 and a 52 week high of $29.69. The stock’s 50 day moving average is $24.33 and its 200-day moving average is $25.47. The firm has a market capitalization of $3.34 billion, a PE ratio of 17.45 and a beta of 1.20.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th will be issued a $0.11 dividend. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, August 14th. Home BancShares’s payout ratio is presently 32.84%.
In other Home BancShares news, Chairman John W. Allison bought 15,000 shares of the company’s stock in a transaction on Monday, July 24th. The stock was bought at an average price of $24.68 per share, for a total transaction of $370,200.00. Following the transaction, the chairman now owns 4,953,896 shares of the company’s stock, valued at approximately $122,262,153.28. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tracy French bought 3,100 shares of the company’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $23.54 per share, with a total value of $72,974.00. Following the transaction, the insider now directly owns 102,268 shares in the company, valued at approximately $2,407,388.72. The disclosure for this purchase can be found here. Insiders bought a total of 33,100 shares of company stock worth $825,074 over the last three months. 11.27% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Home BancShares during the second quarter valued at approximately $384,000. Koch Industries Inc. acquired a new stake in shares of Home BancShares during the second quarter valued at approximately $274,000. Sterling Capital Management LLC boosted its stake in shares of Home BancShares by 13.7% in the second quarter. Sterling Capital Management LLC now owns 67,489 shares of the financial services provider’s stock valued at $1,680,000 after buying an additional 8,128 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Home BancShares by 366.4% in the second quarter. Ameritas Investment Partners Inc. now owns 48,751 shares of the financial services provider’s stock valued at $1,214,000 after buying an additional 38,298 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in shares of Home BancShares during the second quarter valued at approximately $1,236,000. Institutional investors own 60.61% 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).
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