Home BancShares, Inc. (HOMB) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Home BancShares, Inc. (NASDAQ:HOMB) released its quarterly earnings data on Thursday. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02), Bloomberg Earnings reports. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. During the same quarter in the prior year, the business posted $0.33 EPS.
Home BancShares (NASDAQ:HOMB) opened at 24.96 on Friday. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 18.67 and a beta of 1.19. Home BancShares has a 52 week low of $20.22 and a 52 week high of $29.69. The firm has a 50-day moving average of $24.08 and a 200-day moving average of $24.58.
Several research analysts recently weighed in on HOMB shares. BidaskClub lowered shares of Home BancShares from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered shares of Home BancShares from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Stephens reissued an “overweight” rating and set a $28.00 price objective (down previously from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $30.00 price target on shares of Home BancShares in a research note on Friday, July 21st. Finally, ValuEngine raised shares of Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.58.
In related news, insider Tracy French acquired 3,100 shares of Home BancShares stock in a transaction dated Friday, August 11th. The stock was bought 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman John W. Allison acquired 15,000 shares of Home BancShares stock in a transaction dated Monday, July 24th. The shares were bought at an average cost of $24.68 per share, with a total value of $370,200.00. Following the transaction, the chairman now owns 4,953,896 shares in the company, valued at $122,262,153.28. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 33,100 shares of company stock valued at $825,074. Insiders own 11.27% of the company’s stock.
About Home BancShares
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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