Home BancShares (HOMB) Issues Earnings Results

Home BancShares (NASDAQ:HOMB) announced its earnings results on Thursday. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01, Bloomberg Earnings reports. The company had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $165.40 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. The firm’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share.

Shares of Home BancShares (NASDAQ HOMB) traded up $0.07 during midday trading on Thursday, hitting $24.69. 1,130,500 shares of the stock were exchanged, compared to its average volume of 894,445. The stock has a market capitalization of $4,275.11, a P/E ratio of 21.85 and a beta of 1.17. 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 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.64.

A number of brokerages have recently commented on HOMB. BidaskClub upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. 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. 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. Zacks Investment Research upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, 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. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $27.50.

In other news, Director Jim Rankin purchased 1,337 shares of the stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $21.45 per share, for a total transaction of $28,678.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.27% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in HOMB. State Street Corp grew its holdings in Home BancShares by 34.9% in the second quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock valued at $151,902,000 after purchasing an additional 1,579,605 shares during the period. Dimensional Fund Advisors LP grew its holdings in Home BancShares by 39.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock valued at $107,318,000 after purchasing an additional 1,206,395 shares during the period. Voya Investment Management LLC grew its holdings in Home BancShares by 865.4% in the second quarter. Voya Investment Management LLC now owns 1,345,605 shares of the financial services provider’s stock valued at $33,505,000 after purchasing an additional 1,206,224 shares during the period. Northern Trust Corp grew its holdings in Home BancShares by 19.6% in the second quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock valued at $86,419,000 after purchasing an additional 569,061 shares during the period. Finally, Barr E S & Co. grew its holdings in Home BancShares by 213.3% in the third quarter. Barr E S & Co. now owns 678,069 shares of the financial services provider’s stock valued at $17,101,000 after purchasing an additional 461,649 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

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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)

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