Home Bancshares (HOMB) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Home Bancshares (NASDAQ:HOMB) announced its quarterly earnings results on Thursday. The financial services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01, MarketWatch Earnings reports. The business had revenue of $171.76 million for the quarter, compared to analyst estimates of $171.67 million. Home Bancshares had a return on equity of 12.73% and a net margin of 32.68%. During the same quarter in the previous year, the company earned $0.10 EPS.
HOMB stock opened at $19.32 on Friday. Home Bancshares has a 1 year low of $18.65 and a 1 year high of $25.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $3.51 billion, a P/E ratio of 14.31 and a beta of 1.11.
A number of equities research analysts recently issued reports on the company. Stephens reaffirmed a “buy” rating and issued a $28.00 target price on shares of Home Bancshares in a research note on Thursday. ValuEngine lowered Home Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. BidaskClub raised Home Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Zacks Investment Research lowered Home Bancshares from a “buy” rating to a “hold” rating in a research note on Monday, September 3rd. Finally, Citigroup reduced their target price on Home Bancshares from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $27.14.
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, and money market accounts, as well as certificates of deposit.
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