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Stock Market & Financial Investment News

News For HOMB From The Last 14 Days
Check below for free stories on HOMB the last two weeks.
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July 30, 2014
09:47 EDTHOMBHome Bancshares, Broward Financial sign definitive agreement
Home BancShares, parent company of Centennial Bank and Broward Financial, parent company of Broward Bank of Commerce announced the signing of a definitive agreement for Home to acquire Broward. Under the terms of the agreement, Broward Bank will merge into Centennial and shareholders of Broward will receive proceeds from the transaction between $33.06M and $33.96M as a combination of both Home common stock and cash split 90% and 10%, respectively. This purchase price includes the conversion of currently outstanding Broward stock warrants into $3M of Broward common equity before closing. As a result, the purchase price is priced between 1.645 and 1.649 of pro forma tangible common equity as of June 30. Broward currently operates two banking locations in Fort Lauderdale, Florida. As of June 30, Broward had approximately $168.5M in total assets, $110.8M in loans, and $143.8M in deposits. The acquisition is expected to close in the fourth quarter of 2014 and is subject to shareholder approval, regulatory approvals, and other customary conditions.
July 21, 2014
10:02 EDTHOMBOn The Fly: Analyst Upgrade Summary
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09:29 EDTHOMBHome Bancshares upgraded to Outperform from Market Perform at Fig Partners
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09:20 EDTHOMBHome Bancshares raises Q3 dividend by 33% to 10c per share
Home Bancshares declared a regular 10c per share quarterly cash dividend payable September 3, to shareholders of record August 13. This cash dividend represents a 2.5c per share, or 33.3%, increase over the 7.5c per share cash dividend paid during the last five consecutive quarters.
July 17, 2014
09:24 EDTHOMBHome Bancshares reports Q2 EPS 43c, consensus 44c
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