Zacks: Analysts Expect Home Bancshares Inc (HOMB) Will Post Earnings of $0.45 Per Share

Wall Street brokerages expect that Home Bancshares Inc (NASDAQ:HOMB) will report earnings of $0.45 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Home Bancshares’ earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.44. Home Bancshares reported earnings of $0.35 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.6%. The company is expected to report its next quarterly earnings results on Thursday, January 17th.

According to Zacks, analysts expect that Home Bancshares will report full-year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.76 to $1.79. For the next financial year, analysts anticipate that the company will post earnings of $1.84 per share, with EPS estimates ranging from $1.82 to $1.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Home Bancshares.

Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, October 18th. The financial services provider reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. The firm had revenue of $171.76 million during the quarter, compared to analyst estimates of $171.67 million. Home Bancshares had a net margin of 32.68% and a return on equity of 12.73%. During the same period in the prior year, the business earned $0.10 EPS.

HOMB has been the subject of a number of research analyst reports. BidaskClub lowered shares of Home Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. Zacks Investment Research lowered shares of Home Bancshares from a “buy” rating to a “hold” rating in a research note on Monday, September 3rd. ValuEngine raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. Stephens reaffirmed a “buy” rating and issued a $28.00 target price on shares of Home Bancshares in a research note on Thursday, October 18th. Finally, Citigroup reduced their target price on shares of Home Bancshares from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, October 19th. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $26.50.

In other Home Bancshares news, insider Tracy French purchased 2,500 shares of the business’s stock in a transaction on Friday, October 19th. The shares were purchased at an average cost of $19.25 per share, with a total value of $48,125.00. Following the transaction, the insider now directly owns 112,601 shares of the company’s stock, valued at approximately $2,167,569.25. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 9.15% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Home Bancshares by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 14,184,341 shares of the financial services provider’s stock worth $310,638,000 after buying an additional 328,468 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in Home Bancshares by 5.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 577,445 shares of the financial services provider’s stock worth $12,646,000 after buying an additional 30,660 shares in the last quarter. Teachers Advisors LLC lifted its position in Home Bancshares by 8.9% during the 3rd quarter. Teachers Advisors LLC now owns 334,504 shares of the financial services provider’s stock worth $7,326,000 after buying an additional 27,457 shares in the last quarter. Maltese Capital Management LLC lifted its position in Home Bancshares by 1.3% during the 3rd quarter. Maltese Capital Management LLC now owns 1,157,443 shares of the financial services provider’s stock worth $25,348,000 after buying an additional 14,317 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in Home Bancshares by 20.4% during the 3rd quarter. Macquarie Group Ltd. now owns 224,455 shares of the financial services provider’s stock worth $4,916,000 after buying an additional 38,050 shares in the last quarter. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ HOMB traded up $0.41 on Friday, reaching $19.61. The company had a trading volume of 800,159 shares, compared to its average volume of 595,077. The firm has a market cap of $3.32 billion, a PE ratio of 14.53 and a beta of 1.14. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. Home Bancshares has a 1-year low of $18.03 and a 1-year high of $25.38.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Wednesday, November 14th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $0.48 annualized dividend and a yield of 2.45%. Home Bancshares’s dividend payout ratio (DPR) is presently 35.56%.

Home Bancshares Company Profile

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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