Home BancShares, Inc. (NASDAQ:HOMB) Set to Announce Quarterly Earnings on Thursday

Home BancShares, Inc. (NASDAQ:HOMB) is scheduled to issue its quarterly earnings data before the market opens on Thursday, July 20th. Analysts expect the company to announce earnings of $0.33 per share for the quarter.

Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Home BancShares had a return on equity of 13.81% and a net margin of 33.82%. The business had revenue of $141 million during the quarter, compared to the consensus estimate of $131.04 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. On average, analysts expect Home BancShares to post $1.37 EPS for the current fiscal year and $1.67 EPS for the next fiscal year.

Shares of Home BancShares, Inc. (NASDAQ:HOMB) opened at 24.54 on Tuesday. The firm has a market cap of $3.52 billion, a P/E ratio of 18.92 and a beta of 1.19. Home BancShares, Inc. has a one year low of $19.74 and a one year high of $29.69. The firm’s 50-day moving average price is $24.38 and its 200 day moving average price is $26.36.

In other news, insider Tracy French purchased 2,300 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was bought at an average price of $23.79 per share, for a total transaction of $54,717.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jim F. Haynes, Jr. sold 1,500 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $25.50, for a total value of $38,250.00. The disclosure for this sale can be found here. 11.27% of the stock is currently owned by corporate insiders.

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A number of research analysts have issued reports on HOMB shares. Stephens restated a “buy” rating on shares of Home BancShares in a research note on Thursday, April 20th. ValuEngine upgraded Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Zacks Investment Research upgraded Home BancShares from a “sell” rating to a “hold” rating in a research note on Monday, June 26th. Merion Capital Group restated a “neutral” rating and issued a $28.50 price objective on shares of Home BancShares in a research note on Monday, April 24th. Finally, Keefe, Bruyette & Woods upgraded Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Home BancShares currently has an average rating of “Hold” and an average target price of $28.13.

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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