News stories about Home Bancshares (NASDAQ:HOMB) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Home Bancshares earned a news impact score of 0.19 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.3979479152975 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Worth Watching Stocks: Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB), Semtech Corporation (NASDAQ … – The Oracle Examiner (oracleexaminer.com)
- Home Bancshares Inc (HOMB) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Does Home Bancshares Inc (Conway, AR) (NASDAQ:HOMB) Have A Place In Your Portfolio? (finance.yahoo.com)
- Koch Industries Decreased By $6.46 Million Its Home Bancshares (HOMB) Holding; 1832 Asset Management LP … – MTA Star (mtastar.com)
- Hot Stock under Review – Home Bancshares Inc (NASDAQ: HOMB) – Alpha Beta Stock (alphabetastock.com)
Several analysts have recently commented on the stock. Piper Jaffray Companies raised shares of Home Bancshares from a “neutral” rating to an “overweight” rating and set a $28.00 price objective for the company in a research report on Thursday, March 1st. BidaskClub raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Sandler O’Neill set a $26.00 price objective on shares of Home Bancshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 price objective on shares of Home Bancshares in a research report on Friday, December 22nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Home Bancshares has an average rating of “Hold” and a consensus price target of $27.79.
Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Home Bancshares had a net margin of 21.79% and a return on equity of 11.18%. The company had revenue of $164.30 million during the quarter, compared to the consensus estimate of $165.40 million. During the same quarter last year, the firm posted $0.35 EPS. The company’s quarterly revenue was up 28.4% on a year-over-year basis. research analysts expect that Home Bancshares will post 1.75 earnings per share for the current year.
Home Bancshares declared that its Board of Directors has initiated a share repurchase program on Thursday, February 22nd that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Investors of record on Wednesday, February 14th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Tuesday, February 13th. Home Bancshares’s dividend payout ratio is currently 39.29%.
In related news, Director Richard H. Ashley sold 300,000 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $25.01, for a total value of $7,503,000.00. Following the transaction, the director now directly owns 145,354 shares in the company, valued at approximately $3,635,303.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 9.15% of the stock is owned by company insiders.
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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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