Brokerages expect Home Bancshares Inc (NASDAQ:HOMB) to report sales of $162.25 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Home Bancshares’ earnings, with estimates ranging from $161.90 million to $162.60 million. Home Bancshares posted sales of $131.29 million during the same quarter last year, which indicates a positive year-over-year growth rate of 23.6%. The business is expected to issue its next earnings results on Thursday, April 19th.
According to Zacks, analysts expect that Home Bancshares will report full year sales of $162.25 million for the current year, with estimates ranging from $673.30 million to $675.60 million. For the next financial year, analysts expect that the company will post sales of $716.75 million per share, with estimates ranging from $714.80 million to $718.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Home Bancshares.
Home Bancshares (NASDAQ:HOMB) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $164.30 million during the quarter, compared to the consensus estimate of $165.40 million. Home Bancshares had a net margin of 21.79% and a return on equity of 11.18%. The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS.
HOMB has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Home Bancshares from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, December 26th. Piper Jaffray Companies reiterated a “hold” rating and set a $26.00 price target on shares of Home Bancshares in a report on Tuesday, January 9th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 price target on shares of Home Bancshares in a report on Friday, December 22nd. BidaskClub downgraded shares of Home Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Sandler O’Neill set a $26.00 price target on shares of Home Bancshares and gave the stock a “hold” rating in a report on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.50.
Shares of Home Bancshares (NASDAQ HOMB) traded up $0.18 during midday trading on Friday, hitting $24.05. 793,058 shares of the stock were exchanged, compared to its average volume of 954,656. The stock has a market capitalization of $4,180.00, a P/E ratio of 26.43 and a beta of 1.15. Home Bancshares has a 1-year low of $20.82 and a 1-year high of $29.69. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Wednesday, February 14th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.83%. Home Bancshares’s payout ratio is 48.35%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its holdings in Home Bancshares by 11.7% in the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 554 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Home Bancshares by 8.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,361 shares of the financial services provider’s stock valued at $308,000 after buying an additional 936 shares in the last quarter. Horrell Capital Management Inc. lifted its position in Home Bancshares by 2.0% during the fourth quarter. Horrell Capital Management Inc. now owns 114,564 shares of the financial services provider’s stock valued at $2,664,000 after buying an additional 2,284 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Home Bancshares by 43.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,794 shares of the financial services provider’s stock valued at $181,000 after buying an additional 2,354 shares in the last quarter. Finally, Amalgamated Bank lifted its position in Home Bancshares by 14.4% during the third quarter. Amalgamated Bank now owns 21,239 shares of the financial services provider’s stock valued at $536,000 after buying an additional 2,666 shares in the last quarter. Hedge funds and other institutional investors own 63.00% of the company’s stock.
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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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