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HOMB - Home Bancshares: Acquisitions To Provide A Much-Needed Boost
Home BancShares Inc.
Loans will likely increase by 34% due to the upcoming acquisition of Happy Bancshares. Further, the recent acquisition of yacht loans would’ve increased loans by 2%.
The management has identified significant cost-saving opportunities from the Happy acquisition.
The provision expense will likely return to a normal level this year.
The December 2022 target price suggests a small upside from the current market price. Further, HOMB is offering a modest dividend yield.