Home Bancshares (HOMB) Shares Down 5.4%

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Home Bancshares Inc (NASDAQ:HOMB) traded down 5.4% on Monday . The stock traded as low as $17.92 and last traded at $18.03. 765,336 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 799,478 shares. The stock had previously closed at $19.05.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Home Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Stephens set a $22.00 price target on Home Bancshares and gave the company a “buy” rating in a research note on Monday, April 22nd. BidaskClub raised Home Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. ValuEngine raised Home Bancshares from a “strong sell” rating to a “sell” rating in a research note on Friday, April 19th. Finally, Piper Jaffray Companies set a $23.00 target price on Home Bancshares and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Home Bancshares currently has a consensus rating of “Hold” and an average target price of $23.60.

The company has a market capitalization of $3.19 billion, a P/E ratio of 10.30 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 1.05.

Home Bancshares (NASDAQ:HOMB) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Home Bancshares had a return on equity of 12.95% and a net margin of 37.12%. The business had revenue of $163.14 million during the quarter, compared to analysts’ expectations of $163.93 million. During the same quarter last year, the firm posted $0.42 earnings per share. Equities research analysts predict that Home Bancshares Inc will post 1.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.52 annualized dividend and a yield of 2.88%. This is a boost from Home Bancshares’s previous quarterly dividend of $0.12. Home Bancshares’s dividend payout ratio (DPR) is currently 27.43%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Horan Capital Advisors LLC. acquired a new stake in Home Bancshares during the first quarter worth approximately $26,000. Rockefeller Capital Management L.P. acquired a new stake in Home Bancshares during the first quarter worth approximately $33,000. Toronto Dominion Bank acquired a new stake in Home Bancshares during the fourth quarter worth approximately $33,000. JOYN Advisors Inc. grew its stake in Home Bancshares by 882.1% during 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 during the period. Finally, AlphaOne Investment Services LLC acquired a new stake in Home Bancshares during the first quarter worth approximately $41,000. 67.75% of the stock is owned by institutional investors and hedge funds.

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Home Bancshares Company Profile (NASDAQ:HOMB)

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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