Home Bancshares: Upgrade To Buy While Reducing Earnings Estimate Due To Hurricanes [Seeking Alpha]
Home BancShares, Inc. (HOMB)
Last home bancshares, inc. earnings: 4/16 08:15 am
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US:NASDAQ Investor Relations:
homebancshares.com/investor-relations
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Source: Seeking Alpha
Follow Play 11min Summary Due to the impact of Hurricanes Helene and Milton, the provisioning expense for loan losses will likely remain elevated in upcoming quarters. I've reduced my earnings estimate for both 2024 and 2025 because I've raised my provisioning expense estimate. Strong regional economies, as indicated by low unemployment rates, will likely sustain loan growth, and consequently earnings growth. The December 2025 target price suggests a small price upside. Further, HOMB is offering a moderate dividend yield of 2.9%. Serenethos Earnings of Home Bancshares, Inc. (Conway, AR) ( NYSE: HOMB ) will likely continue to grow in upcoming quarters. However, elevated provisioning for expected loan losses in the wake of hurricanes will constrain earnings growth. Overall, I'm expecting the earnings to grow by 2.4% to $1.98 This article was written by Sheen Bay Research 3.28K Follower s Follow Around 10 years of experience covering Banks and Macroeconomics.
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HOMB
News
- Home BancShares, Inc. to Participate in Fireside Chat at Stephens Annual Investment Conference – (Time Update)GlobeNewswire
- Home BancShares, Inc. to Participate in Fireside Chat at Stephens Annual Investment ConferenceGlobeNewswire
- Home Bancshares, Inc. (Conway, AR) (NYSE: HOMB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Home Bancshares, Inc. (Conway, AR) (NYSE: HOMB) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Home Bancshares, Inc. (Conway, AR) (NYSE: HOMB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
HOMB
Earnings
- 10/16/24 - Miss
HOMB
Sec Filings
- 11/12/24 - Form 4
- 11/7/24 - Form 4
- 11/7/24 - Form 4
- HOMB's page on the SEC website