Home Bancshares Inc (HOMB) Releases Earnings Results, Beats Expectations By $0.01 EPS

Home Bancshares Inc (HOMB) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.30. Analysts expectations of $121.12 million. During the same quarter in the previous year, the company posted $0.50 EPS.

Home Bancshares Inc closed down -0.15 points or -0.72% at $20.55 with 2,95,352 shares getting traded on Wednesday. Post opening the session at $20.75, the shares hit an intraday low of $20.5 and an intraday high of $20.79 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 16, 2016, Alex R Lieblong (director) sold 25,000 shares at $21.47 per share price. According to the SEC, on May 17, 2016, Milburn Adams (director) purchased 750 shares at $41.28 per share price. 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 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.

Home Bancshares Inc

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