Home BancShares is set to report Q1 earnings on April 15, expected to show growth in earnings per share to 59 cents. The completion of the Mountain Commerce Bancorp acquisition and a favorable revenue forecast could bolster investor confidence and drive share performance higher.
HOMB expects Q4 earnings of 60 cents per share, up from 50 cents. Revenue forecast for HOMB is $272.48 million, an increase from $260.76 million. HOMB acquired Mountain Commerce Bancorp for $150.1 million on Dec. 8. Shares of HOMB fell 1% to $28.45 recently. Analysts have mixed ratings, with price targets mostly around $32-$34.