Revenue Update on Home Bancshares Inc(NASDAQ:HOMB)

Home Bancshares Inc(NASDAQ:HOMB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $122.81M. Analysts estimated a revenue of $120.85M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.30.

Home Bancshares Inc (HOMB) shares turned negative on Wednesdays trading session with the shares closing down -0.15 points or -0.72% at a volume of 2,95,352. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.79. The peak price level was also seen at $20.79 while the days lowest was $20.5. Finally the shares closed at $20.55. The 52-week high of the shares is $23.75 while the 52-week low is $16.935. According to the latest information available, the market cap of the company is $2,885 M.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Alex R Lieblong (director) sold 25,000 shares at $21.47 per share price.Also, 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.

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