4. Home BancShares
Home BancShares (HOMB) of Conway, Ark., has seen its stock return 31% year-to-date, through Monday's close at $33.46. The stock returned 19% during 2011.
The shares trades for 2.2 times their reported Sept. 30 tangible book value of $15.01, and for 13.5 times the consensus 2013 EPS estimate of $2.48. Based on a quarterly payout of 12 cents, the shares have a dividend yield of 1.43%.
The company had $3.9 billion in total assets as of Sept. 30, and has expanded rapidly through several opportunistic acquisitions over the past few years, including the $27.9 million purchase in February of Vision Bank of Panama City, Fla., from Park National Corp. (PRK) of Newark, Ohio.
Home Bancshares on Aug. 15 announced a deal to acquire Premier Bank of Tallahassee, Fla., for $1.4 million, in connection with a bankruptcy filing by the target bank's parent, Premier Bank Holding Company. Premier Bank had $272 million in assets as of Sept 30, with six branches. The deal is expected to be completed during the fourth quarter, subject to court approved final sale order, in addition to approval from bank regulators.Third-quarter earnings were $16.1 million, or 57 cents a share, increasing from $15.5 million, or 51 cents a share, the previous quarter, and $14.3 million, or 48 cents a share, a year earlier. Third-quarter net interest income was $38.6 million, declining from $39.2 million in the second quarter, but increasing from $35.7 million during the third quarter of 2011. The third-quarter net interest margin was a very strong 4.65%, matching the previous quarter, but declining from 4.75% a year earlier. The company reported a third-quarter ROA of 1.61% and a return on average tangible common equity of 12.78%. Martin rates Home Bancshares "Market-Perform," with a price target of $38, and said on Oct. 22 that although he has a neutral rating on the share because of "valuation," he said that "we positive on the company's future prospects and continue to believe shares have upside from current levels a management executes on its growth strategy and profitably deploys its excess capital." Martin estimates that Home Bancshares will earn $2.38 a share in 2013. HOMB data by YCharts
Interested in more on Home BancShares? See TheStreet Ratings' report card for this stock.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV