Home BancShares, Inc. (HOMB) Set to Announce Quarterly Earnings on Thursday
Home BancShares, Inc. (NASDAQ:HOMB) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, July 20th. Analysts expect Home BancShares to post earnings of $0.33 per share for the quarter.
Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $141 million for the quarter, compared to analysts’ expectations of $131.04 million. Home BancShares had a return on equity of 13.81% and a net margin of 33.82%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 EPS. On average, analysts expect Home BancShares to post $1.37 EPS for the current fiscal year and $1.67 EPS for the next fiscal year.
Shares of Home BancShares, Inc. (NASDAQ:HOMB) opened at 24.54 on Tuesday. The company’s 50-day moving average price is $24.38 and its 200-day moving average price is $26.36. The stock has a market cap of $3.52 billion, a PE ratio of 18.92 and a beta of 1.19. Home BancShares, Inc. has a one year low of $19.74 and a one year high of $29.69.
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In other news, insider Jim F. Haynes, Jr. sold 1,500 shares of the company’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $25.50, for a total value of $38,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tracy French acquired 2,300 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was acquired at an average cost of $23.79 per share, with a total value of $54,717.00. The disclosure for this purchase can be found here. Insiders own 11.27% of the company’s stock.
Several analysts have issued reports on HOMB shares. BidaskClub lowered Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. ValuEngine raised Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Zacks Investment Research raised Home BancShares from a “sell” rating to a “hold” rating in a report on Monday, June 26th. Merion Capital Group reissued a “neutral” rating and set a $28.50 price target on shares of Home BancShares in a report on Monday, April 24th. Finally, Stephens reissued a “buy” rating on shares of Home BancShares in a report on Thursday, April 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.13.
Home BancShares Company Profile
Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).
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