Somewhat Positive Media Coverage Somewhat Unlikely to Affect Home BancShares (HOMB) Stock Price
News stories about Home BancShares (NASDAQ:HOMB) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Home BancShares earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.9647976555182 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- $0.35 Earnings Per Share Expected for Home BancShares, Inc. (NASDAQ:HOMB) This Quarter (americanbankingnews.com)
- Tracy French Acquires 3,100 Shares of Home BancShares, Inc. (HOMB) Stock (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Home Bancshares Inc. (finance.yahoo.com)
- Home Bancshares, Inc. (Arkansas) breached its 50 day moving average in a Bearish Manner : HOMB-US : August 10, 2017 (finance.yahoo.com)
- Home BancShares, Inc. Subsidiary, Centennial Bank, Named Top Overall Arkansas Bank – GlobeNewswire (press release) (globenewswire.com)
Shares of Home BancShares (NASDAQ:HOMB) opened at 23.63 on Friday. Home BancShares has a 52-week low of $19.74 and a 52-week high of $29.69. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 17.67 and a beta of 1.18. The company’s 50-day moving average price is $24.76 and its 200-day moving average price is $25.82.
Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same period in the prior year, the business earned $0.31 earnings per share. Equities research analysts forecast that Home BancShares will post $1.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th will be paid a $0.11 dividend. This is a boost from Home BancShares’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.86%. Home BancShares’s payout ratio is currently 26.87%.
A number of equities research analysts have recently issued reports on HOMB shares. Piper Jaffray Companies reaffirmed a “hold” rating and set a $27.00 target price on shares of Home BancShares in a research report on Friday, July 21st. BidaskClub raised Home BancShares from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Merion Capital Group reissued a “neutral” rating and set a $28.50 price target on shares of Home BancShares in a research report on Monday, April 24th. Zacks Investment Research raised Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 target price on shares of Home BancShares in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $28.70.
In other news, insider Tracy French purchased 3,100 shares of the business’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $23.54 per share, with a total value of $72,974.00. Following the completion of the transaction, the insider now owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman John W. Allison acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were bought at an average cost of $25.46 per share, for a total transaction of $381,900.00. Following the transaction, the chairman now directly owns 4,968,396 shares in the company, valued at $126,495,362.16. The disclosure for this purchase can be found here. In the last three months, insiders purchased 33,100 shares of company stock worth $825,074. 11.27% of the stock is currently owned by insiders.
About Home BancShares
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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