Home BancShares, Inc. (HOMB) Issues Earnings Results

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%.

ILLEGAL ACTIVITY WARNING: “Home BancShares, Inc. (HOMB) Issues Earnings Results” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/28/home-bancshares-inc-homb-releases-quarterly-earnings-results-misses-expectations-by-0-01-eps.html.

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).

Earnings History for Home BancShares (NASDAQ:HOMB)

Receive News & Ratings for Home BancShares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home BancShares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply