Home BancShares (NASDAQ:HOMB) released its quarterly earnings data on Thursday. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01, Bloomberg Earnings reports. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. The company had revenue of $164.30 million during the quarter, compared to the consensus estimate of $165.40 million. During the same period in the previous year, the firm earned $0.35 earnings per share. Home BancShares’s revenue for the quarter was up 28.4% on a year-over-year basis.

Home BancShares (NASDAQ:HOMB) traded up $0.07 during midday trading on Thursday, hitting $24.69. 1,130,500 shares of the stock were exchanged, compared to its average volume of 894,445. Home BancShares has a twelve month low of $20.82 and a twelve month high of $29.69. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $4,275.11, a PE ratio of 21.85 and a beta of 1.17.

Several research firms have issued reports on HOMB. BidaskClub downgraded shares of Home BancShares from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Piper Jaffray Companies reiterated a “neutral” rating and set a $27.00 price objective on shares of Home BancShares in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 price objective on shares of Home BancShares in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $28.00 price objective on shares of Home BancShares in a research note on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Home BancShares currently has a consensus rating of “Hold” and a consensus price target of $27.50.

In other news, Director Jim Rankin bought 1,337 shares of Home BancShares stock in a transaction dated Friday, November 10th. The shares were acquired at an average cost of $21.45 per share, with a total value of $28,678.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 11.27% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HOMB. State Street Corp lifted its position in shares of Home BancShares by 34.9% during the second quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock worth $151,902,000 after purchasing an additional 1,579,605 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Home BancShares by 39.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock worth $107,318,000 after purchasing an additional 1,206,395 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Home BancShares by 865.4% during the second quarter. Voya Investment Management LLC now owns 1,345,605 shares of the financial services provider’s stock worth $33,505,000 after purchasing an additional 1,206,224 shares in the last quarter. Northern Trust Corp lifted its position in shares of Home BancShares by 19.6% during the second quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after purchasing an additional 569,061 shares in the last quarter. Finally, Barr E S & Co. lifted its position in shares of Home BancShares by 213.3% during the third quarter. Barr E S & Co. now owns 678,069 shares of the financial services provider’s stock worth $17,101,000 after purchasing an additional 461,649 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

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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).

Earnings History for Home BancShares (NASDAQ:HOMB)

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