Home Bancshares (NASDAQ:HOMB) Posts Earnings Results, Hits Expectations

Share on StockTwits

Home Bancshares (NASDAQ:HOMB) announced its earnings results on Thursday, October 17th. The financial services provider reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44, Briefing.com reports. The business had revenue of $167.47 million for the quarter, compared to the consensus estimate of $167.40 million. Home Bancshares had a net margin of 35.22% and a return on equity of 12.22%. Home Bancshares’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share.

Shares of NASDAQ HOMB traded down $0.03 during mid-day trading on Friday, hitting $18.89. The stock had a trading volume of 389,900 shares, compared to its average volume of 692,441. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 0.98. The business has a 50 day moving average price of $18.70 and a two-hundred day moving average price of $18.67. Home Bancshares has a 1 year low of $15.35 and a 1 year high of $20.37. The firm has a market cap of $3.20 billion, a P/E ratio of 10.79 and a beta of 1.20.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, November 12th. Home Bancshares’s payout ratio is 29.71%.

In other news, insider Russell Davis Carter III sold 7,500 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $18.29, for a total transaction of $137,175.00. Following the transaction, the insider now owns 8,759 shares in the company, valued at $160,202.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alex R. Lieblong sold 15,000 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $19.02, for a total value of $285,300.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,000 shares of company stock worth $1,466,280. Insiders own 8.70% of the company’s stock.

A number of equities research analysts recently weighed in on HOMB shares. Citigroup lowered their target price on shares of Home Bancshares from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. BidaskClub raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Piper Jaffray Companies set a $22.00 target price on shares of Home Bancshares and gave the company a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research downgraded shares of Home Bancshares from a “hold” rating to a “strong sell” rating in a research note on Saturday. Finally, Stephens set a $22.00 price target on shares of Home Bancshares and gave the stock a “buy” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.50.

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, demand, and money market accounts, as well as certificates of deposit.

Featured Article: How is the LIBOR rate calculated?

Earnings History for Home Bancshares (NASDAQ:HOMB)

Receive News & Ratings for Home Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.