Piper Jaffray Companies reissued their hold rating on shares of Home BancShares, Inc. (NASDAQ:HOMB) in a research report released on Friday, July 21st. They currently have a $27.00 price objective on the financial services provider’s stock.
A number of other research analysts have also recently issued reports on the stock. BidaskClub cut shares of Home BancShares from a sell rating to a strong sell rating in a report on Saturday, June 24th. Keefe, Bruyette & Woods raised shares of Home BancShares from a market perform rating to an outperform rating and set a $23.00 price target for the company in a report on Monday, May 15th. Stephens reaffirmed a buy rating on shares of Home BancShares in a report on Thursday, April 20th. Zacks Investment Research raised shares of Home BancShares from a sell rating to a hold rating in a report on Monday, June 26th. Finally, Merion Capital Group reaffirmed a neutral rating and issued a $28.50 price target on shares of Home BancShares in a report on Monday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $28.70.
Home BancShares (NASDAQ:HOMB) traded up 0.47% during mid-day trading on Friday, reaching $23.40. The company’s stock had a trading volume of 487,645 shares. Home BancShares has a one year low of $19.74 and a one year high of $29.69. The firm’s 50 day moving average is $24.72 and its 200-day moving average is $25.73. The stock has a market cap of $3.35 billion, a P/E ratio of 17.50 and a beta of 1.18.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The business had revenue of $131.77 million during the quarter, compared to analysts’ expectations of $132.18 million. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same quarter last year, the company posted $0.31 earnings per share. Equities analysts expect that Home BancShares will post $1.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, August 14th. This is a boost from Home BancShares’s previous quarterly dividend of $0.09. Home BancShares’s dividend payout ratio (DPR) is 32.84%.
In other Home BancShares news, insider Tracy French bought 3,100 shares of Home BancShares stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $23.54 per share, with a total value of $72,974.00. Following the completion of the acquisition, the insider now directly owns 102,268 shares in the company, valued at approximately $2,407,388.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John W. Allison bought 15,000 shares of Home BancShares stock in a transaction that occurred on Wednesday, July 26th. The shares were acquired at an average cost of $25.46 per share, with a total value of $381,900.00. Following the acquisition, the chairman now 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. In the last three months, insiders have purchased 33,100 shares of company stock valued at $825,074. 11.27% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of HOMB. BlackRock Inc. raised its stake in Home BancShares by 37,629.8% in the first quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock valued at $444,776,000 after buying an additional 16,387,044 shares in the last quarter. State Street Corp raised its stake in Home BancShares by 34.9% in the second quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock valued at $151,902,000 after buying an additional 1,579,605 shares in the last quarter. Voya Investment Management LLC raised its stake in Home BancShares by 865.4% in the second quarter. Voya Investment Management LLC now owns 1,345,605 shares of the financial services provider’s stock valued at $33,505,000 after buying an additional 1,206,224 shares in the last quarter. Vanguard Group Inc. raised its stake in Home BancShares by 9.6% in the first quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock valued at $300,852,000 after buying an additional 973,217 shares in the last quarter. Finally, FMR LLC purchased a new stake in Home BancShares during the fourth quarter valued at approximately $25,987,000. 59.23% of the stock is owned by hedge funds and other institutional investors.
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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