For its second fiscal quarter (ending June 30), Home Bancshares Inc (NYSE: HOMB) has reported a -2% decline in E.P.S. from $0.52 a year ago to $0.51 in the current quarter. However, this performance was $0.02 better than the consensus estimate of $0.49. E.P.S. were $1.92 for the latest four quarters through June 30 versus $2.13 for the same period a year ago — a decline of -10%.
Recent Price Action
On 7/17/24, Home Bancshares Inc (NYSE: HOMB) stock rose modestly by 0.6%, closing at $26.80. Moreover, exceptionally high trading volume at 205% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 12.1% during the last week.
Current PriceTarget Research Rating
HOMB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Home Bancshares has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Home Bancshares has a neutral Power Rating of 55 and a slightly positive Appreciation Score of 66, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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