Wall Street brokerages expect that Home BancShares, Inc. (NASDAQ:HOMB) will post $0.34 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Home BancShares’ earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.35. Home BancShares 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 scheduled to issue its next quarterly earnings report before the market opens on Thursday, January 18th.

According to Zacks, analysts expect that Home BancShares will report full year earnings of $1.35 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $1.54 per share, with EPS estimates ranging from $1.47 to $1.65. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Home BancShares.

Home BancShares (NASDAQ:HOMB) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. The company had revenue of $128.23 million during the quarter, compared to analyst estimates of $135.55 million. During the same period in the prior year, the business earned $0.33 earnings per share.

HOMB has been the topic of several analyst reports. Sandler O’Neill lowered Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research report on Friday, October 20th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $28.00 target price on shares of Home BancShares in a research report on Friday, October 20th. Stephens reaffirmed an “overweight” rating and issued a $28.00 target price (down from $29.00) on shares of Home BancShares in a research report on Tuesday, September 12th. Piper Jaffray Companies set a $25.00 target price on Home BancShares and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research lowered Home BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $27.36.

Shares of Home BancShares (HOMB) traded up $0.39 during midday trading on Friday, reaching $23.51. The company’s stock had a trading volume of 920,756 shares, compared to its average volume of 1,330,000. Home BancShares has a 1 year low of $20.82 and a 1 year high of $29.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $4,150.00, a price-to-earnings ratio of 20.99 and a beta of 1.18.

In other Home BancShares news, Director Jim Rankin purchased 1,500 shares of the stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of $21.29 per share, with a total value of $31,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.27% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Prudential Financial Inc. increased its holdings in shares of Home BancShares by 213.0% during the third quarter. Prudential Financial Inc. now owns 441,314 shares of the financial services provider’s stock valued at $11,130,000 after purchasing an additional 300,306 shares during the period. Legato Capital Management LLC grew its holdings in Home BancShares by 72.8% during the third quarter. Legato Capital Management LLC now owns 88,466 shares of the financial services provider’s stock worth $2,231,000 after acquiring an additional 37,270 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Home BancShares by 25.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,055 shares of the financial services provider’s stock worth $581,000 after acquiring an additional 4,635 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Home BancShares by 366.4% during the second quarter. Ameritas Investment Partners Inc. now owns 48,751 shares of the financial services provider’s stock worth $1,214,000 after acquiring an additional 38,298 shares during the period. Finally, Legal & General Group Plc grew its holdings in Home BancShares by 40.9% during the third quarter. Legal & General Group Plc now owns 140,705 shares of the financial services provider’s stock worth $3,546,000 after acquiring an additional 40,878 shares during the period. 63.45% of the stock is currently owned by institutional investors.

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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).

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