Home Bancshares Inc (HOMB) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.59 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.57. The company posted revenue of $124.72 million in the period, compared to analysts expectations of $119.69 million. The company’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Many Wall Street Analysts have commented on Home Bancshares Inc. Piper Jaffray Initiated Home Bancshares Inc on Apr 7, 2016 to “Neutral”, Price Target of the shares are set at $44.50.
Home Bancshares Inc opened for trading at $41.15 and hit $42.26 on the upside on Monday, eventually ending the session at $42.16, with a gain of 1.52% or 0.63 points. The heightened volatility saw the trading volume jump to 1,60,596 shares. Company has a market cap of $2,960 M.
In a different news, on Feb 23, 2016, Robert F Jr Birch (Centennial Bank Regional Pres.) sold 19,151 shares at $39.35 per share price. According to the SEC, on Nov 25, 2015, Kevin Hester (Chief Lending Officer) sold 2,000 shares at $45.50 per share price. On Nov 17, 2015, Jim F Jr Haynes (Centennial Bank Regional Pres.) sold 500 shares at $44.08 per share price, according to the Form-4 filing with the securities and exchange commission.
Home BancShares Inc. is a bank holding company. The company is primarily 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 wholly owned community bank subsidiary Centennial Bank (the Bank). The Bank has locations in Arkansas Florida and South Alabama. The Company provides loans to single and multi-family real estate residential construction and commercial buildings. In addition it also makes loans to small and medium-sized commercial businesses as well as to consumers. Securities held to maturity include any security for which the Company has the positive intent and ability to hold until maturity. It offers a range of deposit services including checking savings money market accounts and certificates of deposit. The Company obtains its deposits from individuals and small businesses and municipalities in its market areas.