Home BancShares Inc. (HOMB) Rating Lowered to Neutral at Merion Cap Grp
Home BancShares Inc. (NASDAQ:HOMB) was downgraded by Merion Cap Grp from an “outperform” rating to a “neutral” rating in a research note issued on Friday.
A number of other equities research analysts have also issued reports on HOMB. Zacks Investment Research raised shares of Home BancShares from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, July 25th. Sandler O’Neill lowered shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a report on Tuesday, September 13th. Finally, Keefe, Bruyette & Woods lowered shares of Home BancShares from an “outperform” rating to a “market perform” rating and set a $23.00 target price for the company. in a report on Thursday, November 10th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.91.
Shares of Home BancShares (NASDAQ:HOMB) opened at 25.30 on Friday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 21.46 and a beta of 0.96. The company’s 50-day moving average is $21.29 and its 200-day moving average is $21.32. Home BancShares has a one year low of $16.93 and a one year high of $26.07.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ 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 previous year, the firm earned $0.53 earnings per share. On average, equities analysts predict that Home BancShares will post $1.25 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, November 14th. Home BancShares’s dividend payout ratio (DPR) is presently 30.38%.
In other Home BancShares news, Director Alex R. Lieblong sold 25,000 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $23.01, for a total transaction of $575,250.00. Following the completion of the transaction, the director now owns 805,004 shares of the company’s stock, valued at $18,523,142.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian Davis sold 14,888 shares of the stock in a transaction dated 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. Company insiders own 15.02% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Delta Asset Management LLC TN raised its position in shares of Home BancShares by 100.0% in the second quarter. Delta Asset Management LLC TN now owns 6,244 shares of the financial services provider’s stock valued at $124,000 after buying an additional 3,122 shares during the period. Bank of Montreal Can bought a new position in shares of Home BancShares during the second quarter valued at $133,000. Riverhead Capital Management LLC raised its position in shares of Home BancShares by 13.6% in the third quarter. Riverhead Capital Management LLC now owns 6,600 shares of the financial services provider’s stock valued at $137,000 after buying an additional 792 shares during the period. BlackRock Inc. raised its position 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 during the period. Finally, Bessemer Group Inc. raised its position in shares of Home BancShares by 100.0% in the second quarter. Bessemer Group Inc. now owns 7,986 shares of the financial services provider’s stock valued at $158,000 after buying an additional 3,993 shares during the period. 59.86% of the stock is owned by institutional investors.
Home BancShares Company Profile
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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