Home BancShares Inc. (NASDAQ:HOMB) is scheduled to be releasing its earnings data before the market opens on Thursday, October 20th. Analysts expect Home BancShares to post earnings of $0.31 per share for the quarter.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Home BancShares had a net margin of 32.13% and a return on equity of 13.43%. During the same quarter in the prior year, the company posted $0.50 earnings per share. On average, analysts expect Home BancShares to post $1.23 EPS for the current fiscal year and $1.32 EPS for the next fiscal year.
Shares of Home BancShares Inc. (NASDAQ:HOMB) opened at 19.93 on Tuesday. The company has a market capitalization of $2.80 billion, a P/E ratio of 17.64 and a beta of 0.96. Home BancShares Inc. has a 12-month low of $16.93 and a 12-month high of $23.75. The stock’s 50 day moving average is $21.76 and its 200-day moving average is $21.17.
HOMB has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Sandler O’Neill downgraded shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a research report on Tuesday, September 13th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.78.
In other news, insider Jim F. Haynes, Jr. sold 3,250 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $21.47, for a total value of $69,777.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tracy French sold 96,000 shares of the stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $23.38, for a total transaction of $2,244,480.00. The disclosure for this sale can be found here. Company insiders own 15.02% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of Home BancShares by 100.0% in the second quarter. Bessemer Group Inc. now owns 7,986 shares of the financial services provider’s stock worth $158,000 after buying an additional 3,993 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in shares of Home BancShares during the second quarter worth about $213,000. First Heartland Consultants Inc. purchased a new stake in shares of Home BancShares during the second quarter worth about $220,000. Pacer Advisors Inc. purchased a new stake in shares of Home BancShares during the second quarter worth about $220,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Home BancShares during the second quarter worth about $245,000. 58.66% of the stock is owned by hedge funds and other institutional investors.
About Home BancShares
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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