$0.46 Earnings Per Share Expected for Home Bancshares Inc (HOMB) This Quarter

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Equities analysts predict that Home Bancshares Inc (NASDAQ:HOMB) will announce earnings of $0.46 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Home Bancshares’ earnings. The highest EPS estimate is $0.47 and the lowest is $0.45. Home Bancshares posted earnings of $0.32 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 43.8%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, October 18th.

According to Zacks, analysts expect that Home Bancshares will report full-year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.80. For the next year, analysts anticipate that the business will post earnings of $1.92 per share, with EPS estimates ranging from $1.89 to $1.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Home Bancshares.

Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $166.29 million during the quarter, compared to analysts’ expectations of $167.50 million. Home Bancshares had a return on equity of 11.41% and a net margin of 26.27%. During the same quarter last year, the firm earned $0.35 earnings per share.

A number of research firms recently issued reports on HOMB. BidaskClub raised Home Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. ValuEngine raised Home Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. Zacks Investment Research raised Home Bancshares from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday. Finally, Citigroup assumed coverage on Home Bancshares in a research report on Monday, June 18th. They issued a “buy” rating and a $28.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.17.

HOMB opened at $23.47 on Friday. The firm has a market cap of $4.05 billion, a P/E ratio of 17.39 and a beta of 1.17. Home Bancshares has a 1 year low of $20.82 and a 1 year high of $25.89. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Wednesday, August 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.05%. This is a boost from Home Bancshares’s previous quarterly dividend of $0.11. Home Bancshares’s payout ratio is currently 35.56%.

In other Home Bancshares news, insider Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $23.88, for a total value of $47,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 9.15% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of HOMB. BlackRock Inc. increased its stake in shares of Home Bancshares by 5.8% in the second quarter. BlackRock Inc. now owns 18,236,202 shares of the financial services provider’s stock worth $411,409,000 after purchasing an additional 1,006,179 shares during the period. American Century Companies Inc. increased its stake in shares of Home Bancshares by 41.3% in the second quarter. American Century Companies Inc. now owns 2,100,845 shares of the financial services provider’s stock worth $47,395,000 after purchasing an additional 614,094 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Home Bancshares by 1,050.7% in the first quarter. Nuveen Asset Management LLC now owns 643,135 shares of the financial services provider’s stock worth $14,670,000 after purchasing an additional 587,243 shares during the period. Maltese Capital Management LLC increased its stake in shares of Home Bancshares by 92.5% in the first quarter. Maltese Capital Management LLC now owns 905,188 shares of the financial services provider’s stock worth $20,647,000 after purchasing an additional 435,061 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Home Bancshares by 425.8% in the second quarter. Millennium Management LLC now owns 408,036 shares of the financial services provider’s stock worth $9,205,000 after purchasing an additional 330,431 shares during the period. Institutional investors and hedge funds own 64.36% of the company’s stock.

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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