Analysts predict that Home BancShares, Inc. (NASDAQ:HOMB) will announce sales of $165.80 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Home BancShares’ earnings. The lowest sales estimate is $164.00 million and the highest is $167.60 million. Home BancShares posted sales of $127.04 million in the same quarter last year, which suggests a positive year over year growth rate of 30.5%. The company is scheduled to report its next earnings report on Thursday, January 18th.
On average, analysts expect that Home BancShares will report full year sales of $165.80 million for the current financial year, with estimates ranging from $550.50 million to $560.90 million. For the next fiscal year, analysts forecast that the business will post sales of $686.15 million per share, with estimates ranging from $679.20 million to $693.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Home BancShares.
Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $128.23 million for the quarter, compared to the consensus estimate of $135.55 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. During the same quarter in the previous year, the business earned $0.33 earnings per share.
A number of brokerages have recently commented on HOMB. Zacks Investment Research cut shares of Home BancShares from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Stephens reiterated an “overweight” rating and issued a $28.00 target price (down from $29.00) on shares of Home BancShares in a research report on Tuesday, September 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $30.00 target price on shares of Home BancShares in a research report on Friday, July 21st. ValuEngine upgraded shares of Home BancShares from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Finally, Piper Jaffray Companies reissued a “neutral” rating and issued a $27.00 price objective on shares of Home BancShares in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $27.79.
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Shares of Home BancShares (HOMB) traded down 3.66% during mid-day trading on Friday, reaching $22.63. 1,294,052 shares of the company’s stock were exchanged. The stock has a market capitalization of $3.24 billion, a PE ratio of 16.93 and a beta of 1.19. Home BancShares has a 1-year low of $20.91 and a 1-year high of $29.69. The company’s 50 day moving average is $24.19 and its 200 day moving average is $24.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, November 14th. Home BancShares’s payout ratio is 38.94%.
In other news, insider Tracy French bought 3,100 shares of Home BancShares stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $23.54 per share, with a total value of $72,974.00. Following the completion of the acquisition, the insider now directly owns 102,268 shares in the company, valued at $2,407,388.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.27% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in HOMB. BlackRock Inc. increased its holdings in shares of 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 valued at $444,776,000 after acquiring an additional 16,387,044 shares during the period. State Street Corp increased its holdings in shares of 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 valued at $151,902,000 after acquiring an additional 1,579,605 shares during the period. Voya Investment Management LLC increased its holdings in shares of 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 valued at $33,505,000 after acquiring an additional 1,206,224 shares during the period. Vanguard Group Inc. increased its holdings in shares of 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 valued at $300,852,000 after acquiring an additional 973,217 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of 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 valued at $86,419,000 after acquiring an additional 569,061 shares during the period. 49.92% of the stock is currently owned by institutional investors.
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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