Sandler O’Neill set a $26.00 price objective on Home BancShares (NASDAQ:HOMB) in a research report released on Thursday morning. The firm currently has a hold rating on the financial services provider’s stock.
HOMB has been the subject of a number of other research reports. Piper Jaffray Companies reiterated a neutral rating and set a $27.00 price objective on shares of Home BancShares in a research note on Thursday, October 5th. Keefe, Bruyette & Woods restated a buy rating and issued a $30.00 price target on shares of Home BancShares in a research note on Friday, December 22nd. Zacks Investment Research upgraded Home BancShares from a sell rating to a hold rating in a research note on Tuesday, December 5th. Royal Bank of Canada restated a hold rating and issued a $28.00 price target on shares of Home BancShares in a research note on Friday, October 20th. Finally, BidaskClub lowered Home BancShares from a hold rating to a sell rating in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $27.36.
Home BancShares (NASDAQ:HOMB) traded down $0.02 during midday trading on Thursday, hitting $23.12. The company’s stock had a trading volume of 875,300 shares, compared to its average volume of 1,000,000. The stock has a market cap of $4,018.11, a price-to-earnings ratio of 20.46 and a beta of 1.17. Home BancShares has a twelve month low of $20.82 and a twelve month high of $29.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 1.01.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The company had revenue of $128.23 million for 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 quarter in the previous year, the business posted $0.33 EPS. sell-side analysts expect that Home BancShares will post 1.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.90%. Home BancShares’s dividend payout ratio is presently 38.94%.
In other Home BancShares news, Director Jim Rankin purchased 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average price of $21.29 per share, for a total transaction of $31,935.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.27% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of HOMB. State Street Corp increased its stake in Home BancShares by 34.9% during the 2nd quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock worth $151,902,000 after buying an additional 1,579,605 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Home BancShares by 39.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock worth $107,318,000 after buying an additional 1,206,395 shares in the last quarter. Voya Investment Management LLC increased its stake in Home BancShares by 865.4% during the 2nd quarter. Voya Investment Management LLC now owns 1,345,605 shares of the financial services provider’s stock worth $33,505,000 after buying an additional 1,206,224 shares in the last quarter. Northern Trust Corp increased its stake in Home BancShares by 19.6% during the 2nd quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after buying an additional 569,061 shares in the last quarter. Finally, Barr E S & Co. increased its stake in Home BancShares by 213.3% during the 3rd quarter. Barr E S & Co. now owns 678,069 shares of the financial services provider’s stock worth $17,101,000 after buying an additional 461,649 shares in the last quarter. Institutional investors own 63.45% of the company’s stock.
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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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