BidaskClub Lowers Home Bancshares (HOMB) to Hold

BidaskClub lowered shares of Home Bancshares (NASDAQ:HOMB) from a buy rating to a hold rating in a research report report published on Wednesday, BidAskClub reports.

A number of other analysts also recently issued reports on HOMB. Zacks Investment Research upgraded shares of Home Bancshares from a sell rating to a hold rating in a report on Thursday, March 14th. Stephens restated a buy rating and set a $22.00 price objective on shares of Home Bancshares in a report on Monday, March 18th. Finally, ValuEngine upgraded shares of Home Bancshares from a strong sell rating to a sell rating in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Home Bancshares presently has an average rating of Hold and a consensus price target of $23.60.

Shares of HOMB stock opened at $18.15 on Wednesday. The stock has a market capitalization of $3.05 billion, a PE ratio of 10.31 and a beta of 1.16. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.01 and a quick ratio of 1.01. Home Bancshares has a one year low of $15.35 and a one year high of $24.56.

Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.42 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $163.14 million during the quarter, compared to the consensus estimate of $163.93 million. Home Bancshares had a net margin of 37.12% and a return on equity of 12.95%. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, equities research analysts anticipate that Home Bancshares will post 1.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, May 14th. This is an increase from Home Bancshares’s previous quarterly dividend of $0.12. Home Bancshares’s dividend payout ratio (DPR) is 29.71%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Horan Capital Advisors LLC. purchased a new stake in Home Bancshares during the first quarter worth about $26,000. Rockefeller Capital Management L.P. purchased a new position in shares of Home Bancshares in the first quarter worth about $33,000. Toronto Dominion Bank purchased a new position in shares of Home Bancshares in the fourth quarter worth about $33,000. JOYN Advisors Inc. increased its stake in shares of Home Bancshares by 882.1% in the fourth quarter. JOYN Advisors Inc. now owns 2,033 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,826 shares in the last quarter. Finally, AlphaOne Investment Services LLC purchased a new position in shares of Home Bancshares in the first quarter worth about $41,000. Institutional investors and hedge funds own 67.94% of the company’s stock.

About Home Bancshares

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, demand, and money market accounts, as well as certificates of deposit.

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