Zacks: Brokerages Anticipate Home Bancshares, Inc. (Conway, AR) (HOMB) to Announce $0.34 EPS

Analysts predict that Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) will report earnings per share of $0.34 for the current quarter, Zacks reports. Two analysts have made estimates for Home Bancshares, Inc. (Conway, AR)’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.34. Home Bancshares, Inc. (Conway, AR) posted earnings of $0.35 per share in the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The business is expected to issue its next quarterly earnings results on Thursday, January 18th.

On average, analysts expect that Home Bancshares, Inc. (Conway, AR) will report full year earnings of $1.35 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post earnings of $1.49 per share, with EPS estimates ranging from $1.45 to $1.54. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Home Bancshares, Inc. (Conway, AR).

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 11.56% and a return on equity of 3.23%. The firm had revenue of $128.23 million during the quarter, compared to the consensus estimate of $135.55 million. During the same period in the previous year, the business earned $0.33 earnings per share.

Several research analysts have commented on the stock. Piper Jaffray Companies reissued a “neutral” rating and issued a $27.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, October 5th. Zacks Investment Research raised shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 20th. Finally, ValuEngine downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $27.79.

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Shares of Home Bancshares, Inc. (NASDAQ:HOMB) traded up $0.18 during trading hours on Wednesday, reaching $21.91. 518,267 shares of the company’s stock traded hands, compared to its average volume of 870,195. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.01 and a current ratio of 1.01. Home Bancshares, Inc. has a 1 year low of $20.82 and a 1 year high of $29.69. The company has a market cap of $3,770.00, a P/E ratio of 16.01 and a beta of 1.18.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Tuesday, November 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 39.29%.

In other Home Bancshares, Inc. (Conway, AR) news, Director Jim Rankin bought 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average price of $21.29 per share, for a total transaction of $31,935.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.27% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. State Street Corp raised its position in Home Bancshares, Inc. (Conway, AR) by 34.9% in the 2nd quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock worth $151,902,000 after purchasing an additional 1,579,605 shares during the period. Dimensional Fund Advisors LP raised its position in Home Bancshares, Inc. (Conway, AR) by 39.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock worth $107,318,000 after purchasing an additional 1,206,395 shares during the period. Northern Trust Corp raised its position in Home Bancshares, Inc. (Conway, AR) by 19.6% in the 2nd quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after purchasing an additional 569,061 shares during the period. Goldman Sachs Group Inc. raised its position in Home Bancshares, Inc. (Conway, AR) by 7.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,259,933 shares of the financial services provider’s stock worth $56,272,000 after purchasing an additional 166,283 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Home Bancshares, Inc. (Conway, AR) by 23.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,871,089 shares of the financial services provider’s stock worth $47,190,000 after purchasing an additional 354,880 shares during the period. Institutional investors own 51.18% of the company’s stock.

About Home Bancshares, Inc. (Conway, AR)

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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Earnings History and Estimates for Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

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