Analysts Anticipate Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) Will Post Quarterly Sales of $229.07 Million

Analysts expect that Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMBGet Rating) will announce sales of $229.07 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Home Bancshares, Inc. (Conway, AR)’s earnings. The lowest sales estimate is $225.40 million and the highest is $232.30 million. Home Bancshares, Inc. (Conway, AR) reported sales of $172.37 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.9%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Home Bancshares, Inc. (Conway, AR) will report full year sales of $873.47 million for the current year, with estimates ranging from $862.90 million to $889.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $1.00 billion, with estimates ranging from $964.20 million to $1.06 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Home Bancshares, Inc. (Conway, AR).

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMBGet Rating) last announced its earnings results on Thursday, April 21st. The financial services provider reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $161.80 million during the quarter, compared to the consensus estimate of $167.41 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 40.02% and a return on equity of 10.52%. Home Bancshares, Inc. (Conway, AR)’s revenue was down 16.3% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share.

A number of research firms have issued reports on HOMB. Zacks Investment Research raised shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, April 5th. Piper Sandler raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, April 22nd. Finally, StockNews.com began coverage on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, March 31st. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Hold” and an average target price of $26.67.

Several institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 13.4% during the first quarter. Lazard Asset Management LLC now owns 471,163 shares of the financial services provider’s stock worth $10,648,000 after purchasing an additional 55,848 shares during the last quarter. EJF Capital LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the first quarter worth $3,051,000. Prudential Financial Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 117.2% during the first quarter. Prudential Financial Inc. now owns 272,347 shares of the financial services provider’s stock worth $6,155,000 after purchasing an additional 146,982 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 12.5% during the first quarter. Federated Hermes Inc. now owns 28,240 shares of the financial services provider’s stock worth $638,000 after purchasing an additional 3,131 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.8% during the first quarter. Vanguard Group Inc. now owns 15,752,809 shares of the financial services provider’s stock worth $356,014,000 after purchasing an additional 131,167 shares during the last quarter. 67.05% of the stock is owned by hedge funds and other institutional investors.

Shares of HOMB opened at $20.46 on Friday. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 11.43 and a beta of 1.24. Home Bancshares, Inc. has a twelve month low of $19.83 and a twelve month high of $28.11. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $22.26 and a two-hundred day moving average of $23.69.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 8th. Shareholders of record on Wednesday, May 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.23%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 36.87%.

About Home Bancshares, Inc. (Conway, AR) (Get Rating)

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

Further Reading

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Earnings History and Estimates for Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

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