Equities analysts predict that Home Bancshares Inc (NASDAQ:HOMB) will post sales of $164.53 million for the current quarter, according to Zacks. Three analysts have issued estimates for Home Bancshares’ earnings, with the highest sales estimate coming in at $168.20 million and the lowest estimate coming in at $162.20 million. Home Bancshares posted sales of $163.79 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.5%. The business is scheduled to report its next quarterly earnings results on Thursday, January 16th.
On average, analysts expect that Home Bancshares will report full year sales of $659.10 million for the current financial year, with estimates ranging from $655.10 million to $664.10 million. For the next fiscal year, analysts expect that the business will report sales of $652.43 million, with estimates ranging from $640.60 million to $671.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Home Bancshares.
Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. Home Bancshares had a net margin of 35.22% and a return on equity of 12.22%. The business had revenue of $167.47 million during the quarter, compared to the consensus estimate of $167.40 million. During the same quarter last year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year.
HOMB has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Home Bancshares from a “hold” rating to a “strong sell” rating in a report on Saturday, November 9th. BidaskClub upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday. Stephens set a $22.00 target price on shares of Home Bancshares and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Citigroup reduced their target price on shares of Home Bancshares from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Home Bancshares has an average rating of “Hold” and a consensus target price of $21.50.
In other news, Director Jack Engelkes sold 4,000 shares of Home Bancshares stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $18.62, for a total value of $74,480.00. Following the completion of the transaction, the director now owns 138,776 shares in the company, valued at $2,584,009.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alex R. Lieblong sold 15,000 shares of Home Bancshares stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $19.02, for a total transaction of $285,300.00. The disclosure for this sale can be found here. Insiders sold 108,500 shares of company stock valued at $2,030,965 in the last quarter. Corporate insiders own 8.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new position in shares of Home Bancshares in the third quarter valued at approximately $1,277,000. Public Employees Retirement System of Ohio boosted its position in shares of Home Bancshares by 255.6% in the third quarter. Public Employees Retirement System of Ohio now owns 42,156 shares of the financial services provider’s stock valued at $792,000 after acquiring an additional 30,301 shares during the period. Sunbelt Securities Inc. bought a new position in shares of Home Bancshares in the third quarter valued at approximately $1,435,000. California State Teachers Retirement System boosted its position in shares of Home Bancshares by 1.2% in the third quarter. California State Teachers Retirement System now owns 241,846 shares of the financial services provider’s stock valued at $4,545,000 after acquiring an additional 2,889 shares during the period. Finally, Copeland Capital Management LLC boosted its position in shares of Home Bancshares by 7.2% in the third quarter. Copeland Capital Management LLC now owns 1,633,419 shares of the financial services provider’s stock valued at $30,700,000 after acquiring an additional 109,636 shares during the period. Hedge funds and other institutional investors own 67.09% of the company’s stock.
NASDAQ HOMB traded down $0.12 during trading hours on Wednesday, reaching $18.70. 749,634 shares of the company were exchanged, compared to its average volume of 675,908. Home Bancshares has a 1 year low of $15.35 and a 1 year high of $20.37. The business’s 50 day simple moving average is $18.69 and its 200-day simple moving average is $18.61. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $3.14 billion, a P/E ratio of 10.69 and a beta of 1.21.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.78%. Home Bancshares’s payout ratio is 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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