Home Bancshares (NASDAQ:HOMB) released its quarterly earnings results on Thursday. The financial services provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43, Briefing.com reports. Home Bancshares had a net margin of 36.19% and a return on equity of 12.64%. The firm had revenue of $164.05 million during the quarter, compared to analysts’ expectations of $166.83 million. During the same period in the previous year, the company earned $0.44 EPS.
Home Bancshares stock opened at $19.22 on Friday. The stock has a market cap of $3.23 billion, a PE ratio of 10.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.00. Home Bancshares has a 1 year low of $15.35 and a 1 year high of $24.56. The firm has a 50-day moving average of $18.89.
A number of equities analysts recently commented on HOMB shares. Zacks Investment Research cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Stephens set a $22.00 price target on shares of Home Bancshares and gave the stock a “buy” rating in a research note on Monday, April 22nd. BidaskClub raised shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. ValuEngine raised shares of Alleghany from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Finally, Piper Jaffray Companies set a $29.00 price target on shares of OptiNose and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.60.
In other Home Bancshares news, insider Russell Davis Carter III sold 3,333 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $18.20, for a total value of $60,660.60. Following the completion of the sale, the insider now directly owns 16,259 shares of the company’s stock, valued at approximately $295,913.80. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.70% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in HOMB. Horan Capital Advisors LLC. bought a new stake in shares of Home Bancshares in the 1st quarter valued at about $26,000. AlphaOne Investment Services LLC bought a new stake in shares of Home Bancshares in the 1st quarter valued at about $41,000. Advisory Alpha LLC bought a new stake in shares of Home Bancshares in the 1st quarter valued at about $46,000. Royce & Associates LP bought a new stake in shares of Home Bancshares in the 1st quarter valued at about $49,000. Finally, Bessemer Group Inc. raised its holdings in shares of Home Bancshares by 22.7% in the 4th quarter. Bessemer Group Inc. now owns 3,650 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 675 shares in the last quarter. 65.78% of the stock is owned by institutional investors.
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: What are some reasons analysts would give stocks a buy rating?
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.