Home BancShares, Inc. (HOMB) Receives Average Rating of “Hold” from Analysts
Shares of Home BancShares, Inc. (NASDAQ:HOMB) have earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $28.88.
HOMB has been the subject of several research analyst reports. Merion Capital Group restated a “neutral” rating and issued a $28.50 price objective on shares of Home BancShares in a research report on Monday, April 24th. Keefe, Bruyette & Woods upgraded shares of Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research report on Monday, May 15th. BidaskClub raised shares of Home BancShares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research raised shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Monday, June 26th. Finally, ValuEngine raised shares of Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th.
Shares of Home BancShares (NASDAQ HOMB) traded up 1.32% during mid-day trading on Tuesday, hitting $23.82. The stock had a trading volume of 454,965 shares. Home BancShares has a one year low of $19.74 and a one year high of $29.69. The firm has a 50 day moving average of $24.63 and a 200 day moving average of $25.67. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 17.82 and a beta of 1.18.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. The firm had revenue of $131.77 million during the quarter, compared to analysts’ expectations of $132.18 million. During the same quarter in the previous year, the company posted $0.31 EPS. On average, analysts forecast that Home BancShares will post $1.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Monday, August 14th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.09. Home BancShares’s payout ratio is currently 32.84%.
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In other news, Chairman John W. Allison purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was bought at an average price 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 $126,495,362.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tracy French purchased 3,100 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $23.54 per share, with a total value of $72,974.00. Following the acquisition, the insider now directly owns 102,268 shares in the company, valued at $2,407,388.72. 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. Company insiders own 11.27% of the company’s stock.
Several institutional investors have recently made changes to their positions in HOMB. Miles Capital Inc. raised its position in shares of Home BancShares by 0.4% in the first quarter. Miles Capital Inc. now owns 8,771 shares of the financial services provider’s stock valued at $237,000 after buying an additional 31 shares during the period. Alps Advisors Inc. raised its position in shares of Home BancShares by 0.3% in the second quarter. Alps Advisors Inc. now owns 17,068 shares of the financial services provider’s stock valued at $425,000 after buying an additional 44 shares during the period. M&T Bank Corp raised its position in shares of Home BancShares by 0.4% in the second quarter. M&T Bank Corp now owns 12,066 shares of the financial services provider’s stock valued at $300,000 after buying an additional 48 shares during the period. Pacer Advisors Inc. raised its position in shares of Home BancShares by 0.6% in the second quarter. Pacer Advisors Inc. now owns 17,158 shares of the financial services provider’s stock valued at $427,000 after buying an additional 100 shares during the period. Finally, World Asset Management Inc raised its position in shares of Home BancShares by 3.4% in the first quarter. World Asset Management Inc now owns 8,027 shares of the financial services provider’s stock valued at $217,000 after buying an additional 264 shares during the period. 59.23% 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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