BidaskClub Lowers Home Bancshares (HOMB) to Strong Sell

BidaskClub cut shares of Home Bancshares (NASDAQ:HOMB) from a sell rating to a strong sell rating in a research report released on Thursday morning.

A number of other analysts have also issued reports on HOMB. ValuEngine upgraded shares of Home Bancshares from a strong sell rating to a sell rating in a research note on Saturday, November 10th. Zacks Investment Research upgraded shares of Home Bancshares from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research note on Wednesday, September 19th. Piper Jaffray Companies set a $25.00 price target on shares of Home Bancshares and gave the stock a buy rating in a research note on Monday, November 26th. Citigroup dropped their price target on shares of Home Bancshares from $28.00 to $27.00 and set a buy rating for the company in a research note on Friday, October 19th. Finally, Stephens restated a buy rating and issued a $28.00 price target on shares of Home Bancshares in a research note on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating and seven have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $26.50.

HOMB opened at $16.82 on Thursday. The company has a market cap of $2.91 billion, a PE ratio of 10.07 and a beta of 1.13. Home Bancshares has a 52-week low of $16.11 and a 52-week high of $25.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.04.

Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, October 18th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $171.76 million for the quarter, compared to analyst estimates of $171.67 million. Home Bancshares had a net margin of 32.68% and a return on equity of 12.73%. During the same quarter last year, the firm posted $0.10 earnings per share. Equities research analysts predict that Home Bancshares will post 1.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Wednesday, November 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.85%. Home Bancshares’s dividend payout ratio (DPR) is presently 35.56%.

In related news, insider Tracy French purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, October 19th. The stock was acquired at an average price of $19.25 per share, for a total transaction of $48,125.00. Following the completion of the purchase, the insider now owns 112,601 shares in the company, valued at $2,167,569.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.15% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc increased its stake in shares of Home Bancshares by 2.4% in the third quarter. Vanguard Group Inc now owns 14,184,341 shares of the financial services provider’s stock worth $310,638,000 after buying an additional 328,468 shares during the last quarter. Vanguard Group Inc. increased its stake in Home Bancshares by 2.4% during the third quarter. Vanguard Group Inc. now owns 14,184,341 shares of the financial services provider’s stock valued at $310,638,000 after purchasing an additional 328,468 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Home Bancshares by 5.6% during the third quarter. TIAA CREF Investment Management LLC now owns 577,445 shares of the financial services provider’s stock valued at $12,646,000 after purchasing an additional 30,660 shares during the last quarter. Teachers Advisors LLC increased its stake in Home Bancshares by 8.9% during the third quarter. Teachers Advisors LLC now owns 334,504 shares of the financial services provider’s stock valued at $7,326,000 after purchasing an additional 27,457 shares during the last quarter. Finally, Maltese Capital Management LLC increased its stake in Home Bancshares by 1.3% during the third quarter. Maltese Capital Management LLC now owns 1,157,443 shares of the financial services provider’s stock valued at $25,348,000 after purchasing an additional 14,317 shares during the last quarter. Institutional investors and hedge funds own 65.64% 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, and money market accounts, as well as certificates of deposit.

Recommended Story: What are catch-up contributions?

Analyst Recommendations for Home Bancshares (NASDAQ:HOMB)

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

Leave a Reply