Home BancShares Inc. (HOMB) Downgraded by Keefe, Bruyette & Woods to Market Perform
Home BancShares Inc. (NASDAQ:HOMB) was downgraded by research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report issued on Thursday.
HOMB has been the topic of several other research reports. Zacks Investment Research downgraded shares of Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Sandler O’Neill downgraded shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a report on Tuesday, September 13th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.91.
Shares of Home BancShares (NASDAQ:HOMB) opened at 23.37 on Thursday. The stock has a market cap of $3.28 billion, a PE ratio of 19.82 and a beta of 0.96. Home BancShares has a 12 month low of $16.93 and a 12 month high of $23.56. The firm’s 50-day moving average is $21.07 and its 200 day moving average is $21.25.
Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. Home BancShares had a net margin of 32.41% and a return on equity of 13.46%. During the same quarter in the prior year, the company earned $0.53 EPS. On average, equities analysts predict that Home BancShares will post $1.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 16th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.54%. The ex-dividend date is Monday, November 14th. Home BancShares’s dividend payout ratio is presently 30.38%.
In related news, Director Alex R. Lieblong sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $23.01, for a total value of $575,250.00. Following the sale, the director now owns 805,004 shares in the company, valued at $18,523,142.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Davis sold 14,888 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $23.15, for a total transaction of $344,657.20. The disclosure for this sale can be found here. 15.02% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. Teachers Advisors Inc. boosted its stake in shares of Home BancShares by 2.3% in the first quarter. Teachers Advisors Inc. now owns 82,348 shares of the financial services provider’s stock valued at $3,372,000 after buying an additional 1,825 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Home BancShares by 130.7% in the first quarter. BlackRock Inc. now owns 3,745 shares of the financial services provider’s stock valued at $153,000 after buying an additional 2,122 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Home BancShares by 2.8% in the first quarter. M&T Bank Corp now owns 5,419 shares of the financial services provider’s stock valued at $222,000 after buying an additional 149 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Home BancShares by 4.0% in the first quarter. Geode Capital Management LLC now owns 435,998 shares of the financial services provider’s stock valued at $17,854,000 after buying an additional 16,746 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Home BancShares during the first quarter valued at $15,478,000. Institutional investors own 58.69% of the company’s stock.
About Home BancShares
Home BancShares, Inc is a bank holding company. The Company is 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 community bank subsidiary, Centennial Bank (the Bank).
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