Analysts Anticipate Home Bancshares Inc (HOMB) to Post $0.44 Earnings Per Share

Analysts expect Home Bancshares Inc (NASDAQ:HOMB) to report $0.44 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Home Bancshares’ earnings, with estimates ranging from $0.44 to $0.45. Home Bancshares reported earnings per share of $0.35 during the same quarter last year, which suggests a positive year over year growth rate of 25.7%. The firm is expected to issue its next quarterly earnings report on Thursday, July 19th.

According to Zacks, analysts expect that Home Bancshares will report full-year earnings of $1.76 per share for the current financial year, with EPS estimates ranging from $1.72 to $1.79. For the next fiscal year, analysts expect that the business will report earnings of $1.89 per share, with EPS estimates ranging from $1.86 to $1.92. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Home Bancshares.

Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The firm had revenue of $186.70 million during the quarter, compared to the consensus estimate of $164.30 million. Home Bancshares had a return on equity of 11.35% and a net margin of 24.23%. The firm’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share.

A number of equities analysts recently issued reports on the company. BidaskClub downgraded Home Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, May 30th. Zacks Investment Research downgraded Home Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 24th. ValuEngine downgraded Home Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $28.00 price target on shares of Home Bancshares in a report on Friday, April 20th. Finally, Sandler O’Neill raised Home Bancshares from a “hold” rating to a “buy” rating and upped their price target for the company from $25.00 to $26.00 in a report on Friday, April 20th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Home Bancshares currently has a consensus rating of “Hold” and a consensus price target of $27.33.

In other news, insider Russell Davis Carter III sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $23.67, for a total value of $82,845.00. Following the completion of the sale, the insider now directly owns 16,259 shares of the company’s stock, valued at $384,850.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James G. Hinkle sold 25,881 shares of the stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $23.70, for a total value of $613,379.70. The disclosure for this sale can be found here. Insiders sold 53,500 shares of company stock valued at $1,267,604 over the last three months. Corporate insiders own 9.15% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Jefferies Group LLC acquired a new stake in shares of Home Bancshares in the fourth quarter valued at approximately $395,000. Swiss National Bank raised its stake in shares of Home Bancshares by 1.5% during the fourth quarter. Swiss National Bank now owns 266,207 shares of the financial services provider’s stock worth $6,189,000 after purchasing an additional 4,000 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Home Bancshares by 8.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 878,350 shares of the financial services provider’s stock worth $20,422,000 after purchasing an additional 65,280 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Home Bancshares by 313.4% during the fourth quarter. Teacher Retirement System of Texas now owns 53,470 shares of the financial services provider’s stock worth $1,243,000 after purchasing an additional 40,537 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of Home Bancshares by 1.7% during the fourth quarter. Retirement Systems of Alabama now owns 204,407 shares of the financial services provider’s stock worth $4,752,000 after purchasing an additional 3,459 shares during the last quarter. 64.55% of the stock is owned by institutional investors and hedge funds.

Home Bancshares traded up $0.05, reaching $22.71, on Friday, according to Marketbeat Ratings. The company’s stock had a trading volume of 565,775 shares, compared to its average volume of 806,081. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 16.74 and a beta of 1.08. Home Bancshares has a fifty-two week low of $20.82 and a fifty-two week high of $26.08.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Stockholders of record on Wednesday, May 16th were issued 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 was Tuesday, May 15th. Home Bancshares’s payout ratio is currently 32.59%.

Home Bancshares announced that its board has authorized a stock buyback plan on Thursday, February 22nd that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

About Home Bancshares

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, and money market accounts, as well as certificates of deposit.

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

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