Keefe, Bruyette & Woods Maintains Rating On Home Bancshares

Keefe, Bruyette & Woods maintained its Outperform rating on Friday for Home Bancshares Inc HOMB shares.

The firm wrote, “We have modestly adjusted our estimates following 4Q14 results with a $0.01 reduction in our 2015 EPS estimate and we are maintaining our 2016 EPS estimate. We believe the major positive in the quarter was continued solid organic loan growth of roughly 10% annualized. We believe the shares are attractively valued trading at 14x our 2015 estimate despite a forecast ROA that is nearly 2x its peers."

This report follows the release of Home Bancshares 4Q14 earnings, which it reported an EPS of $0.44 compared to $0.19 for the same quarter last year.

Chairman John Allison issued a statement saying, “I am excited to report the Company has achieved another record quarter and record year with outstanding metrics. Our team stayed focused throughout the year on improving efficiencies, executing acquisition opportunities and growing loans and we've reaped the benefits of this hard work through record results.”

Home Bacnshares closed Thrusday at $28.66.