Home Bancshares Inc (HOMB) was Downgraded by Sandler O’Neill to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Sandler O’Neill advised their investors in a research report released on Sep 13, 2016.
On the company’s financial health, Home Bancshares Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.30.Analysts expectations of $ 121.12.During the same quarter in the previous year, the company posted $0.50 EPS.
Home Bancshares Inc closed down -0.015 points or -0.07% at $22.755 with 547,946 shares getting traded on Monday. Post opening the session at $22.66, the shares hit an intraday low of $22.24 and an intraday high of $22.78 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Sep 7, 2016, Tracy French (Centennial Bank CEO/ President) sold 90,000 shares at $23.40 per share price. According to the SEC, on Sep 6, 2016, Brian Davis (Chief Financial Officer) sold 14,888 shares at $23.15 per share price. On Aug 30, 2016, Alex R Lieblong (director) sold 25,000 shares at $23.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Home BancShares Inc. is a bank holding company. The company is primarily 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 wholly owned community bank subsidiary Centennial Bank (the Bank). The Bank has locations in Arkansas Florida and South Alabama. The Company provides loans to single and multi-family real estate residential construction and commercial buildings. In addition it also makes loans to small and medium-sized commercial businesses as well as to consumers. Securities held to maturity include any security for which the Company has the positive intent and ability to hold until maturity. It offers a range of deposit services including checking savings money market accounts and certificates of deposit. The Company obtains its deposits from individuals and small businesses and municipalities in its market areas.