KBW Maintains Market Perform on Home Bancshares

KBW is out with its report today on Home Bancshares HOMB, maintaining Market Perform. In a note to clients, KBW writes, "HOMB announced that it has redeemed TARP without a dilutive capital raise. We were modeling for the company to redeem TARP in 4Q11 so we are tweaking our 2011 EPS estimates. Capital levels remain strong so HOMB still has a significant amount of dry powder for its roll-up strategy. Additionally, with the redemption of TARP, HOMB has more flexibility with capital management so we could potentially see a boost in the dividend." Shares of HOMB closed Tuesday at $24.46, up 0.95% from Monday's close.