Somewhat Positive News Coverage Somewhat Unlikely to Affect Home BancShares (HOMB) Stock Price
News coverage about Home BancShares (NASDAQ:HOMB) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Home BancShares earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.1055493778598 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
HOMB has been the topic of several research reports. Sandler O’Neill lowered shares of Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a report on Friday, October 20th. Royal Bank of Canada restated a “hold” rating and issued a $28.00 price target on shares of Home BancShares in a report on Friday, October 20th. Stephens restated an “overweight” rating and issued a $28.00 price target (down previously from $29.00) on shares of Home BancShares in a report on Tuesday, September 12th. Piper Jaffray Companies set a $25.00 price target on shares of Home BancShares and gave the company a “hold” rating in a report on Tuesday, October 24th. Finally, Zacks Investment Research lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $27.79.
Home BancShares (NASDAQ:HOMB) traded up $0.71 during midday trading on Friday, reaching $23.26. 10,107,624 shares of the company traded hands, compared to its average volume of 922,628. Home BancShares has a 52-week low of $20.82 and a 52-week high of $29.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $3,957.34, a price-to-earnings ratio of 16.88 and a beta of 1.17.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.89%. The ex-dividend date was Tuesday, November 14th. Home BancShares’s dividend payout ratio (DPR) is 38.94%.
In other news, Director Jim Rankin acquired 1,337 shares of the stock in a transaction on Friday, November 10th. The stock was bought at an average price of $21.45 per share, with a total value of $28,678.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.27% of the stock is owned by company insiders.
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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