Home BancShares, Inc. (HOMB) Given Consensus Recommendation of “Hold” by Brokerages
Home BancShares, Inc. (NASDAQ:HOMB) has received an average rating of “Hold” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $27.75.
A number of analysts recently issued reports on HOMB shares. ValuEngine cut Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Stephens reaffirmed 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. Zacks Investment Research cut Home BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $27.00 price target on shares of Home BancShares in a report on Thursday, October 5th. Finally, Sandler O’Neill cut 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.
In other news, Director Jim Rankin acquired 1,337 shares of Home BancShares stock in a transaction dated Friday, November 10th. The shares were purchased at an average cost of $21.45 per share, for a total transaction of $28,678.65. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 11.27% of the stock is currently owned by corporate insiders.
Shares of Home BancShares (HOMB) traded down $0.36 on Thursday, reaching $23.80. The company had a trading volume of 1,456,389 shares, compared to its average volume of 871,267. The stock has a market cap of $4,016.38, a PE ratio of 17.13 and a beta of 1.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 1.01. Home BancShares has a twelve month low of $20.82 and a twelve month high of $29.69.
Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $128.23 million for 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 period last year, the company posted $0.33 EPS. research analysts predict that Home BancShares will post 1.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.11 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.85%. Home BancShares’s dividend payout ratio (DPR) is presently 38.94%.
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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