Home BancShares, Inc. (HOMB) Receives “Overweight” Rating from Stephens

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.

TRADEMARK VIOLATION NOTICE: “Home BancShares, Inc. (HOMB) Receives “Overweight” Rating from Stephens” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://sportsperspectives.com/2017/09/13/home-bancshares-inc-homb-receives-overweight-rating-from-stephens.html.

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).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

Receive News & Ratings for Home BancShares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home BancShares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply