Home BancShares (HOMB) Sees Unusually-High Trading Volume

Home BancShares, Inc. (NASDAQ:HOMB) saw unusually-high trading volume on Friday . Approximately 10,107,624 shares changed hands during mid-day trading, an increase of 996% from the previous session’s volume of 922,628 shares.The stock last traded at $23.26 and had previously closed at $22.55.

HOMB has been the subject of a number of recent research reports. Sandler O’Neill lowered shares of Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a report on Friday, October 20th. Royal Bank of Canada reissued a “hold” rating and issued a $28.00 target price on shares of Home BancShares in a report on Friday, October 20th. Stephens reissued an “overweight” rating and issued a $28.00 target price (down from $29.00) on shares of Home BancShares in a report on Tuesday, September 12th. Piper Jaffray Companies set a $25.00 target price 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.79.

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $4,038.96, a price-to-earnings ratio of 17.23 and a beta of 1.17.

Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $128.23 million during the quarter, compared to analysts’ expectations of $135.55 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. During the same period last year, the business posted $0.33 earnings per share. equities analysts predict that Home BancShares, Inc. will post 1.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.89%. The ex-dividend date was Tuesday, November 14th. Home BancShares’s payout ratio is 38.94%.

In other news, Director Jim Rankin acquired 1,337 shares of the company’s stock in a transaction on Friday, November 10th. The stock was bought at an average cost of $21.45 per share, with a total value of $28,678.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.27% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in Home BancShares by 53.2% during the second quarter. SG Americas Securities LLC now owns 42,159 shares of the financial services provider’s stock worth $1,050,000 after buying an additional 14,639 shares during the period. Legato Capital Management LLC boosted its stake in shares of Home BancShares by 72.8% during the third quarter. Legato Capital Management LLC now owns 88,466 shares of the financial services provider’s stock valued at $2,231,000 after purchasing an additional 37,270 shares during the period. Prudential Financial Inc. boosted its stake in shares of Home BancShares by 213.0% during the third quarter. Prudential Financial Inc. now owns 441,314 shares of the financial services provider’s stock valued at $11,130,000 after purchasing an additional 300,306 shares during the period. Fortaleza Asset Management Inc. boosted its stake in shares of Home BancShares by 84.7% during the second quarter. Fortaleza Asset Management Inc. now owns 8,667 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 3,975 shares during the period. Finally, TD Asset Management Inc. boosted its stake in shares of Home BancShares by 8.7% during the second quarter. TD Asset Management Inc. now owns 49,800 shares of the financial services provider’s stock valued at $1,240,000 after purchasing an additional 4,000 shares during the period. 63.46% of the stock is owned by institutional investors.

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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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