Stephens reissued their overweight rating on shares of Home BancShares, Inc. (NASDAQ:HOMB) in a report issued on Tuesday. The firm currently has a $28.00 price objective on the financial services provider’s stock, down from their previous price objective of $29.00.
Other analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Home BancShares from a strong sell rating to a sell rating in a report on Saturday, June 10th. Zacks Investment Research upgraded shares of Home BancShares from a hold rating to a buy rating and set a $28.00 price objective for the company in a report on Tuesday, July 25th. Piper Jaffray Companies restated a hold rating and set a $27.00 price objective on shares of Home BancShares in a report on Friday, July 21st. Keefe, Bruyette & Woods restated a buy rating and set a $30.00 price objective on shares of Home BancShares in a report on Friday, July 21st. Finally, ValuEngine upgraded shares of Home BancShares from a hold rating to a buy rating in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $28.58.
Home BancShares (HOMB) opened at 22.44 on Tuesday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 16.78 and a beta of 1.19. The company has a 50-day moving average of $23.94 and a 200-day moving average of $25.21. Home BancShares has a 52 week low of $19.74 and a 52 week high of $29.69.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. The business had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. During the same quarter last year, the company posted $0.31 earnings per share. Equities research analysts forecast that Home BancShares will post $1.39 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th were paid a $0.11 dividend. 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 dividend yield of 1.96%. Home BancShares’s dividend payout ratio (DPR) is presently 32.84%.
In other Home BancShares news, insider Tracy French bought 3,100 shares of Home BancShares stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $23.54 per share, for a total transaction of $72,974.00. Following the completion of the purchase, the insider now directly 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 this hyperlink. Also, Chairman John W. Allison bought 15,000 shares of Home BancShares stock in a transaction dated Wednesday, July 26th. The stock was acquired at an average price of $25.46 per share, with a total value of $381,900.00. Following the purchase, the chairman now directly owns 4,968,396 shares of the company’s stock, valued at $126,495,362.16. The disclosure for this purchase can be found here. Insiders bought 33,100 shares of company stock valued at $825,074 in the last quarter. Corporate insiders own 11.27% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund purchased a new position in shares of Home BancShares in the second quarter worth about $119,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Home BancShares by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 379 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Home BancShares by 11.7% in the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 554 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Home BancShares by 58.7% in the first quarter. LS Investment Advisors LLC now owns 7,367 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Home BancShares in the first quarter worth about $204,000. Hedge funds and other institutional investors own 60.61% of the company’s stock.
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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