Home Bancshares (HOMB) Sees Large Volume Increase

Shares of Home Bancshares Inc (NASDAQ:HOMB) saw unusually-high trading volume on Friday . Approximately 2,370,871 shares traded hands during mid-day trading, an increase of 188% from the previous session’s volume of 822,688 shares.The stock last traded at $19.01 and had previously closed at $18.89.

HOMB has been the topic of a number of analyst reports. Barclays initiated coverage on Home Bancshares in a research report on Monday, February 11th. They issued an “equal weight” rating and a $21.00 price target on the stock. Stephens reiterated a “buy” rating and issued a $22.00 price target on shares of Home Bancshares in a research report on Wednesday, December 19th. BidaskClub upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Piper Jaffray Companies set a $25.00 price target on Home Bancshares and gave the company a “buy” rating in a research report on Monday, November 26th. Finally, Zacks Investment Research cut Home Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.86.

The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $3.21 billion, a P/E ratio of 10.86 and a beta of 1.16.

Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, January 17th. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). The business had revenue of $163.79 million for the quarter, compared to the consensus estimate of $171.60 million. Home Bancshares had a return on equity of 13.21% and a net margin of 38.11%. During the same quarter in the previous year, the company posted $0.35 EPS. On average, equities analysts forecast that Home Bancshares Inc will post 1.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 13th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Tuesday, February 12th. Home Bancshares’s payout ratio is presently 27.43%.

Several hedge funds have recently made changes to their positions in HOMB. Bank of Montreal Can lifted its stake in shares of Home Bancshares by 31.8% during the fourth quarter. Bank of Montreal Can now owns 12,185 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 2,943 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Home Bancshares by 1.2% during the third quarter. William Blair Investment Management LLC now owns 1,868,639 shares of the financial services provider’s stock valued at $40,923,000 after acquiring an additional 22,647 shares during the period. Horrell Capital Management Inc. lifted its stake in shares of Home Bancshares by 0.9% during the fourth quarter. Horrell Capital Management Inc. now owns 124,116 shares of the financial services provider’s stock valued at $2,028,000 after acquiring an additional 1,132 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Home Bancshares by 3.5% during the third quarter. Alliancebernstein L.P. now owns 246,040 shares of the financial services provider’s stock valued at $5,388,000 after acquiring an additional 8,230 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Home Bancshares by 15.2% during the third quarter. First Trust Advisors LP now owns 285,483 shares of the financial services provider’s stock valued at $6,252,000 after acquiring an additional 37,760 shares during the period. Institutional investors own 65.55% 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, demand, and money market accounts, as well as certificates of deposit.

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