Home BancShares, Inc. (HOMB) Sets New 1-Year Low at $20.98
Shares of Home BancShares, Inc. (NASDAQ:HOMB) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $20.98 and last traded at $21.00, with a volume of 746346 shares traded. The stock had previously closed at $21.51.
A number of analysts recently issued reports on the stock. Piper Jaffray Companies set a $25.00 price objective on shares of Home BancShares and gave the stock a “hold” rating in a report on Tuesday, October 24th. Royal Bank Of Canada restated a “hold” rating and set a $28.00 price objective on shares of Home BancShares in a report on Friday, October 20th. Sandler O’Neill downgraded shares of Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a report on Friday, October 20th. Zacks Investment Research downgraded shares of Home BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, Stephens restated an “overweight” rating and set a $28.00 price objective (down previously from $29.00) on shares of Home BancShares in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.79.
The company has a market cap of $3,717.71, a P/E ratio of 15.86 and a beta of 1.17. The company has a quick ratio of 1.04, a current ratio of 1.01 and a debt-to-equity ratio of 0.64.
Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $128.23 million during the quarter, compared to analysts’ expectations of $135.55 million. Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. During the same quarter in the previous year, the business earned $0.33 EPS. equities analysts anticipate that Home BancShares, Inc. will post 1.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.44 annualized dividend and a dividend yield of 2.06%. Home BancShares’s payout ratio is 38.94%.
Several institutional investors and hedge funds have recently bought and sold shares of HOMB. OppenheimerFunds Inc. increased its stake in shares of Home BancShares by 56.9% in the first quarter. OppenheimerFunds Inc. now owns 16,265 shares of the financial services provider’s stock worth $440,000 after purchasing an additional 5,896 shares in the last quarter. FMR LLC increased its stake in shares of Home BancShares by 0.5% in the first quarter. FMR LLC now owns 940,700 shares of the financial services provider’s stock worth $25,465,000 after purchasing an additional 4,900 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Home BancShares by 2.5% in the first quarter. Teachers Advisors LLC now owns 204,987 shares of the financial services provider’s stock worth $5,549,000 after purchasing an additional 4,944 shares in the last quarter. KCG Holdings Inc. purchased a new position in shares of Home BancShares in the first quarter worth about $366,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Home BancShares by 11.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 564,662 shares of the financial services provider’s stock worth $15,286,000 after purchasing an additional 57,000 shares in the last quarter. Hedge funds and other institutional investors own 49.85% of the company’s stock.
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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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