$0.43 Earnings Per Share Expected for Home Bancshares Inc (NASDAQ:HOMB) This Quarter

Brokerages expect Home Bancshares Inc (NASDAQ:HOMB) to announce earnings of $0.43 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Home Bancshares’ earnings. The highest EPS estimate is $0.44 and the lowest is $0.43. Home Bancshares reported earnings per share of $0.44 in the same quarter last year, which would suggest a negative year over year growth rate of 2.3%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, July 18th.

According to Zacks, analysts expect that Home Bancshares will report full year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.77. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.84 per share, with EPS estimates ranging from $1.81 to $1.86. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Home Bancshares.

Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. The company had revenue of $163.14 million for the quarter, compared to analysts’ expectations of $163.93 million. Home Bancshares had a net margin of 37.12% and a return on equity of 12.95%. During the same quarter in the previous year, the business posted $0.42 EPS.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub cut shares of Home Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Piper Jaffray Companies set a $23.00 price target on shares of Home Bancshares and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Stephens set a $22.00 price target on shares of Home Bancshares and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, ValuEngine upgraded shares of Home Bancshares from a “strong sell” rating to a “sell” rating in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.60.

In other Home Bancshares news, insider Russell Davis Carter III sold 3,333 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $18.20, for a total transaction of $60,660.60. Following the transaction, the insider now owns 16,259 shares in the company, valued at approximately $295,913.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of HOMB. First Trust Advisors LP grew its holdings in Home Bancshares by 19.6% during the 1st quarter. First Trust Advisors LP now owns 265,652 shares of the financial services provider’s stock valued at $4,668,000 after buying an additional 43,499 shares in the last quarter. Advisory Alpha LLC purchased a new stake in Home Bancshares during the 1st quarter valued at approximately $46,000. Davis Capital Partners LLC grew its holdings in Home Bancshares by 7.7% during the 1st quarter. Davis Capital Partners LLC now owns 700,000 shares of the financial services provider’s stock valued at $12,299,000 after buying an additional 50,000 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in Home Bancshares by 34.5% during the 1st quarter. State of Wisconsin Investment Board now owns 639,113 shares of the financial services provider’s stock valued at $11,229,000 after buying an additional 164,000 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Home Bancshares by 76.9% during the 1st quarter. Jennison Associates LLC now owns 89,301 shares of the financial services provider’s stock valued at $1,569,000 after buying an additional 38,816 shares in the last quarter. Institutional investors and hedge funds own 65.79% of the company’s stock.

Home Bancshares stock traded down $0.05 during mid-day trading on Tuesday, reaching $18.64. The stock had a trading volume of 15,947 shares, compared to its average volume of 680,170. The firm has a market cap of $3.16 billion, a P/E ratio of 10.60 and a beta of 1.17. The company’s 50-day moving average price is $18.46. Home Bancshares has a one year low of $15.35 and a one year high of $24.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.01 and a quick ratio of 1.01.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.52 annualized dividend and a yield of 2.79%. This is a boost from Home Bancshares’s previous quarterly dividend of $0.12. Home Bancshares’s dividend payout ratio is currently 29.71%.

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, demand, 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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