Home Bancshares (HOMB) Reaches New 1-Year Low at $17.82

Shares of Home Bancshares Inc (NASDAQ:HOMB) reached a new 52-week low on Tuesday . The company traded as low as $17.82 and last traded at $18.12, with a volume of 618548 shares changing hands. The stock had previously closed at $19.20.

A number of analysts have recently weighed in on HOMB shares. Citigroup lowered their price target on shares of Home Bancshares from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, October 19th. Stephens restated a “buy” rating and issued a $28.00 price target on shares of Home Bancshares in a report on Thursday, October 18th. Zacks Investment Research upgraded shares of Home Bancshares from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, September 19th. Piper Jaffray Companies set a $25.00 price target on shares of Home Bancshares and gave the company a “buy” rating in a report on Monday, November 26th. Finally, TheStreet cut shares of Home Bancshares from a “b-” rating to a “c+” rating in a report on Monday, October 29th. Two research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. Home Bancshares presently has an average rating of “Buy” and a consensus target price of $26.50.

The company has a market capitalization of $3.39 billion, a P/E ratio of 13.42 and a beta of 1.13. 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 released its earnings results on Thursday, October 18th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $171.76 million during the quarter, compared to analysts’ expectations of $171.67 million. Home Bancshares had a net margin of 32.68% and a return on equity of 12.73%. During the same period last year, the business earned $0.10 EPS. On average, research analysts expect that Home Bancshares Inc will post 1.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Wednesday, November 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Tuesday, November 13th. Home Bancshares’s dividend payout ratio (DPR) is presently 35.56%.

In related news, insider Tracy French bought 2,500 shares of the stock in a transaction that occurred on Friday, October 19th. The stock was bought at an average cost of $19.25 per share, for a total transaction of $48,125.00. Following the purchase, the insider now directly owns 112,601 shares of the company’s stock, valued at $2,167,569.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.15% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Home Bancshares by 2.1% in the 3rd quarter. BlackRock Inc. now owns 18,612,184 shares of the financial services provider’s stock worth $407,607,000 after purchasing an additional 375,982 shares in the last quarter. Vanguard Group Inc. lifted its stake in Home Bancshares by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 14,184,341 shares of the financial services provider’s stock valued at $310,638,000 after acquiring an additional 328,468 shares during the period. Glenmede Trust Co. NA lifted its stake in Home Bancshares by 2.9% during the 2nd quarter. Glenmede Trust Co. NA now owns 2,238,798 shares of the financial services provider’s stock valued at $50,508,000 after acquiring an additional 64,148 shares during the period. American Century Companies Inc. lifted its stake in Home Bancshares by 5.4% during the 3rd quarter. American Century Companies Inc. now owns 2,213,276 shares of the financial services provider’s stock valued at $48,471,000 after acquiring an additional 112,431 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Home Bancshares by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,912,203 shares of the financial services provider’s stock valued at $41,878,000 after acquiring an additional 21,105 shares during the period. Institutional investors own 65.64% of the company’s stock.

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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, and money market accounts, as well as certificates of deposit.

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