Home BancShares, Inc. (HOMB) Given Average Recommendation of “Hold” by Brokerages
Shares of Home BancShares, Inc. (NASDAQ:HOMB) have been given an average recommendation of “Hold” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $28.70.
Several equities research analysts have recently commented on HOMB shares. BidaskClub raised Home BancShares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research raised Home BancShares from a “sell” rating to a “hold” rating in a report on Monday, June 26th. ValuEngine raised Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 price target on shares of Home BancShares in a report on Friday, July 21st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $27.00 price target on shares of Home BancShares in a report on Friday, July 21st.
Shares of Home BancShares (HOMB) traded up 0.85% during mid-day trading on Friday, hitting $22.51. The company had a trading volume of 2,580,281 shares. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 16.84 and a beta of 1.19. Home BancShares has a 52-week low of $19.74 and a 52-week high of $29.69. The firm has a 50-day moving average price of $23.61 and a 200 day moving average price of $25.08.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. During the same quarter in the prior year, the firm posted $0.31 EPS. Analysts expect that Home BancShares will post $1.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.11 per share. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.44 annualized dividend and a yield of 1.95%. Home BancShares’s dividend payout ratio (DPR) is currently 32.84%.
In other news, insider Tracy French bought 3,100 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $23.54 per share, with a total value of $72,974.00. Following the completion of the acquisition, the insider now owns 102,268 shares of the company’s stock, valued at $2,407,388.72. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman John W. Allison bought 15,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were purchased at an average cost of $25.46 per share, with a total value of $381,900.00. Following the acquisition, the chairman now directly owns 4,968,396 shares of the company’s stock, valued at approximately $126,495,362.16. The disclosure for this purchase can be found here. Insiders have acquired a total of 33,100 shares of company stock valued at $825,074 in the last ninety days. Insiders own 11.27% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Home BancShares during the second quarter worth $384,000. Koch Industries Inc. acquired a new stake in shares of Home BancShares during the second quarter worth $274,000. Sterling Capital Management LLC lifted its holdings in shares of Home BancShares by 13.7% during the second quarter. Sterling Capital Management LLC now owns 67,489 shares of the financial services provider’s stock worth $1,680,000 after buying an additional 8,128 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Home BancShares by 366.4% during the second quarter. Ameritas Investment Partners Inc. now owns 48,751 shares of the financial services provider’s stock worth $1,214,000 after buying an additional 38,298 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new stake in shares of Home BancShares during the second quarter worth $1,236,000. 60.61% of the stock is owned by institutional investors.
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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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