Home BancShares, Inc. (NASDAQ:HOMB) is reporting second quarter financial results on Thursday 16th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, HOMB is expected to report 2Q20 income of $ 0.26 per share from revenue of $ 166.92 million.
For the full year, analysts anticipate top line of $ 663.43 million, while looking forward to income of $ 1.08 per share bottom line.
Previous Quarter Performance
Home BancShares, Inc. outlined income for the first quarter of $ 0.43 per share, from the revenue of $ 162.65 million. The quarterly earnings developed 2.38 percent while revenues lowered 0.30 percent compared with the same quarter last year.
Street analysts expected Home BancShares, Inc. to report income of $ 0.36 per share on revenue of $ 163.24 million for the first quarter. The bottom line results beat street analysts by $ 0.07 or 19.44 percent, at the same time, top line results fell short of analysts by $ 0.59 million or 0.36 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of HOMB was $ 11.80, representing a 21.52 % increase from the 52 week low of $ 9.71 and a 43.92 % decrease over the 52 week high of $ 21.04.
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Recent Analyst recommendations
On 18th June 2020, maintained by Citigroup at Neutral rating, with $ 16.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.13 per share on April 22, 2020. The dividend were payable on June 3, 2020 to holders of record as of the close of business on May 13, 2020 and ex-dividend date on May 12, 2020.
Conference Call
Home BancShares, Inc. will be hosting a conference call at 2:00 PM eastern time on 16th July 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 1-877-508-9586 U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website dpregister.com/DiamondPassRegistration/register?linkSecurityString=78449&confirmationNumber=
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.
