Home Bancshares (HOMB) Set to Announce Earnings on Wednesday

Home Bancshares (NASDAQ:HOMB) is set to release its earnings data before the market opens on Wednesday, April 18th. Analysts expect Home Bancshares to post earnings of $0.41 per share for the quarter.

Home Bancshares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. Home Bancshares had a return on equity of 11.18% and a net margin of 21.79%. The company had revenue of $164.30 million during the quarter, compared to the consensus estimate of $165.40 million. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was up 28.4% compared to the same quarter last year. On average, analysts expect Home Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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Shares of HOMB opened at $22.58 on Tuesday. Home Bancshares has a 1 year low of $20.82 and a 1 year high of $26.53. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.76. The stock has a market cap of $3,903.21, a PE ratio of 16.73 and a beta of 1.11.

Home Bancshares declared that its Board of Directors has initiated a share buyback program on Thursday, February 22nd that authorizes the company to buyback 5,000,000 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

In related news, Director Richard H. Ashley sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $25.01, for a total transaction of $7,503,000.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.15% of the company’s stock.

A number of brokerages have recently issued reports on HOMB. Sandler O’Neill set a $25.00 price objective on Home Bancshares and gave the stock a “hold” rating in a research report on Wednesday, March 28th. BidaskClub upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $30.00 price objective on shares of Home Bancshares in a research report on Friday, December 22nd. Zacks Investment Research downgraded Home Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. Finally, Piper Jaffray upgraded Home Bancshares from a “neutral” rating to an “overweight” rating and set a $28.00 price objective for the company in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Home Bancshares currently has a consensus rating of “Hold” and an average target price of $27.64.

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Home Bancshares Company Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, and money market accounts, as well as certificates of deposit.

Earnings History for Home Bancshares (NASDAQ:HOMB)

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