Analysts expect that Home Bancshares Inc (NASDAQ:HOMB) will report $162.25 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Home Bancshares’ earnings. The lowest sales estimate is $161.90 million and the highest is $162.60 million. Home Bancshares posted sales of $131.29 million in the same quarter last year, which suggests a positive year over year growth rate of 23.6%. The business is expected to announce its next earnings results on Thursday, April 19th.
On average, 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 forecast that the business will report sales of $716.75 million per share, with estimates ranging from $714.80 million to $718.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Home Bancshares.
Home Bancshares (NASDAQ:HOMB) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $165.40 million. Home Bancshares had a net margin of 21.79% and a return on equity of 11.18%. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share.
Shares of Home Bancshares (HOMB) traded down $0.29 during midday trading on Friday, hitting $24.02. 573,006 shares of the stock were exchanged, compared to its average volume of 911,535. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.03 and a quick ratio of 1.03. Home Bancshares has a 1-year low of $20.82 and a 1-year high of $28.24. The firm has a market capitalization of $4,261.21, a PE ratio of 26.71 and a beta of 1.15.
Home Bancshares declared that its board has approved a stock buyback plan on Thursday, February 22nd that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 14th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares’s payout ratio is 48.35%.
In other news, Director Richard H. Ashley sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $25.01, for a total value of $7,503,000.00. Following the completion of the transaction, the director now owns 145,354 shares of the company’s stock, valued at $3,635,303.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 9.15% of the company’s stock.
Large investors have recently modified their holdings of the stock. Sei Investments Co. raised its holdings in Home Bancshares by 144.7% during the third quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 4,163 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Home Bancshares by 43.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,794 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 2,354 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Home Bancshares in the 3rd quarter valued at $201,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Home Bancshares in the 4th quarter valued at $205,000. Finally, Meadow Creek Investment Management LLC increased its holdings in shares of Home Bancshares by 69.9% in the 4th quarter. Meadow Creek Investment Management LLC now owns 10,224 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 4,208 shares during the period. 64.94% of the stock is currently owned by hedge funds and other institutional investors.
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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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