Analysts expect Home Bancshares Inc (NASDAQ:HOMB) to report $133.45 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Home Bancshares’ earnings, with the lowest sales estimate coming in at $132.70 million and the highest estimate coming in at $134.20 million. Home Bancshares reported sales of $125.67 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, October 19th.

On average, analysts expect that Home Bancshares will report full year sales of $133.45 million for the current fiscal year, with estimates ranging from $562.50 million to $565.90 million. For the next fiscal year, analysts anticipate that the company will report sales of $710.40 million per share, with estimates ranging from $706.80 million to $714.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Home Bancshares.

Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company had revenue of $131.77 million for the quarter, compared to analysts’ expectations of $132.18 million. Home Bancshares had a return on equity of 13.77% and a net margin of 38.02%. During the same period in the previous year, the business posted $0.31 earnings per share.

Several brokerages have recently commented on HOMB. Zacks Investment Research upgraded Home Bancshares from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, July 25th. BidaskClub upgraded Home Bancshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. ValuEngine upgraded Home Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 price objective on shares of Home Bancshares in a research report on Friday, July 21st. Finally, Piper Jaffray Companies restated a “hold” rating and set a $27.00 price target on shares of Home Bancshares in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Home Bancshares currently has an average rating of “Hold” and a consensus price target of $28.58.

Home Bancshares (HOMB) traded down 0.26% during mid-day trading on Tuesday, hitting $23.45. The stock had a trading volume of 899,880 shares. The company’s 50 day moving average price is $23.50 and its 200 day moving average price is $24.94. The firm has a market cap of $3.36 billion, a PE ratio of 17.54 and a beta of 1.19. Home Bancshares has a 52 week low of $19.74 and a 52 week high of $29.69.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.88%. This is a positive change from Home Bancshares’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, August 14th. Home Bancshares’s dividend payout ratio (DPR) is presently 32.84%.

In other Home Bancshares news, Chairman John W. Allison acquired 15,000 shares of the company’s stock in a transaction on Monday, July 24th. The stock was acquired at an average price of $24.68 per share, for a total transaction of $370,200.00. Following the acquisition, the chairman now owns 4,953,896 shares in the company, valued at approximately $122,262,153.28. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tracy French acquired 3,100 shares of the company’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $23.54 per share, with a total value of $72,974.00. Following the acquisition, the insider now owns 102,268 shares in the company, valued at approximately $2,407,388.72. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 33,100 shares of company stock worth $825,074. 11.27% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HOMB. BlackRock Inc. lifted its holdings in Home Bancshares by 37,629.8% in the 1st quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock worth $444,776,000 after buying an additional 16,387,044 shares during the period. State Street Corp lifted its holdings in Home Bancshares by 34.9% in the 2nd quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock worth $151,902,000 after buying an additional 1,579,605 shares during the period. Voya Investment Management LLC lifted its holdings in Home Bancshares by 865.4% in the 2nd quarter. Voya Investment Management LLC now owns 1,345,605 shares of the financial services provider’s stock worth $33,505,000 after buying an additional 1,206,224 shares during the period. Vanguard Group Inc. lifted its holdings in Home Bancshares by 9.6% in the 1st quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock worth $300,852,000 after buying an additional 973,217 shares during the period. Finally, Northern Trust Corp lifted its holdings in Home Bancshares by 19.6% in the 2nd quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after buying an additional 569,061 shares during the period. Institutional investors and hedge funds own 60.58% of the company’s stock.

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

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