Home BancShares, Inc. (NASDAQ:HOMB) issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02), Bloomberg Earnings reports. The firm had revenue of $128.23 million for the quarter, compared to the consensus estimate of $135.55 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. During the same period last year, the company posted $0.33 EPS.
Home BancShares (NASDAQ:HOMB) traded up 1.64% during midday trading on Friday, reaching $23.49. 1,134,882 shares of the company’s stock traded hands. The firm has a market cap of $3.36 billion, a PE ratio of 17.57 and a beta of 1.19. Home BancShares has a 52-week low of $20.91 and a 52-week high of $29.69. The firm’s 50-day moving average is $24.17 and its 200 day moving average is $24.46.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.44 annualized dividend and a yield of 1.87%. Home BancShares’s dividend payout ratio (DPR) is 38.94%.
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In related news, insider Tracy French purchased 3,100 shares of Home BancShares stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $23.54 per share, with a total value of $72,974.00. Following the purchase, the insider now directly owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 11.27% of the company’s stock.
A number of research firms have recently issued reports on HOMB. Piper Jaffray Companies set a $25.00 price objective on shares of Home BancShares and gave the stock a “hold” rating in a research report on Tuesday. Royal Bank Of Canada reissued a “hold” rating and set a $28.00 price objective on shares of Home BancShares in a research report on Friday, October 20th. Sandler O’Neill cut shares of Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research report on Friday, October 20th. Zacks Investment Research cut shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Finally, Stephens reissued an “overweight” rating and set a $28.00 price objective (down previously from $29.00) on shares of Home BancShares in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Home BancShares presently has a consensus rating of “Hold” and an average price target of $27.79.
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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