$0.44 EPS Expected for Home Bancshares Inc (NASDAQ:HOMB) This Quarter

Equities analysts expect that Home Bancshares Inc (NASDAQ:HOMB) will report $0.44 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Home Bancshares’ earnings, with estimates ranging from $0.43 to $0.44. Home Bancshares reported earnings of $0.46 per share during the same quarter last year, which indicates a negative year over year growth rate of 4.3%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, October 17th.

On average, analysts expect that Home Bancshares will report full year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.71 to $1.73. For the next year, analysts expect that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.72 to $1.78. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Home Bancshares.

Home Bancshares (NASDAQ:HOMB) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.43 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Home Bancshares had a return on equity of 12.64% and a net margin of 36.19%. The company had revenue of $164.05 million during the quarter, compared to the consensus estimate of $166.83 million. During the same quarter in the prior year, the business earned $0.44 earnings per share.

Several equities research analysts have recently weighed in on HOMB shares. Zacks Investment Research raised Home Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Piper Jaffray Companies set a $22.00 target price on Home Bancshares and gave the stock a “buy” rating in a research report on Friday, July 19th. BidaskClub raised Home Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Finally, TheStreet raised Home Bancshares from a “c+” rating to a “b-” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $23.00.

In related news, Director Jim Rankin sold 10,000 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $19.32, for a total value of $193,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Russell Davis Carter III sold 7,500 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $18.94, for a total value of $142,050.00. The disclosure for this sale can be found here. Insiders sold 63,719 shares of company stock valued at $1,219,031 in the last three months. 8.70% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of HOMB. Cerebellum GP LLC bought a new position in Home Bancshares during the 3rd quarter worth approximately $3,372,000. State of Alaska Department of Revenue bought a new position in Home Bancshares during the 3rd quarter worth approximately $520,000. Atria Investments LLC bought a new position in Home Bancshares during the 2nd quarter worth approximately $181,000. BlackRock Inc. lifted its holdings in Home Bancshares by 0.3% during the 2nd quarter. BlackRock Inc. now owns 20,080,678 shares of the financial services provider’s stock worth $386,754,000 after buying an additional 59,522 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in Home Bancshares by 274.7% during the 2nd quarter. Cresset Asset Management LLC now owns 10,387 shares of the financial services provider’s stock worth $200,000 after buying an additional 7,615 shares during the last quarter. 65.75% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ HOMB traded up $0.14 on Thursday, hitting $18.12. The company had a trading volume of 985,200 shares, compared to its average volume of 704,487. Home Bancshares has a 12-month low of $15.35 and a 12-month high of $21.72. The business has a 50 day moving average of $18.30 and a two-hundred day moving average of $18.59. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $3.07 billion, a P/E ratio of 10.35 and a beta of 1.22.

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.

See Also: What is a good rate of return for a mutual fund?

Get a free copy of the Zacks research report on Home Bancshares (HOMB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Home Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.