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Home Bancshares: Relatively Cheap Valuation Sets Up A H-O-M-B Run Opportunity (NASDAQ:HOMB)

Investment Thesis

Headquartered in Conway, Arkansas, Home BancShares, Inc. (HOMB) is a $16.9 billion asset holding company and parent to Centennial Bank, a Southeastern commercial and retail bank. Centennial provides a wide range of commercial and retail banking services to businesses, developers, and individuals. With its more than 165 branch location, Centennial offers services across the state of Arkansas, the panhandle and south Florida, Alabama’s Gulf Coast and New York City.

While HOMB has continued to grow much faster than bank peers, some have called into question the long-term net interest margin (NIM) potential juxtaposed against the rate of future earnings growth. While credit is difficult to forecast, I do believe future net charge-offs (NCOs) are going to be limited in nature. Expense management has been a clear priority for the management team, and in my mind, it will be the swing factor for future profitability.

Today, my bullish stance is driven by two major variables. First, upon further review of the credit portfolio, I believe that HOMB is set up well to absorb all future NCOs that might hide in the lending portfolio. Second, and this one is geared more for the longer term, I believe the NIM is rather resilient at a ~4.00% level. While it is clear that I do have it working lower, HOMB’s niche lending and superior deal placement should warrant higher loan yields.

It’s always frustrating to see banks prove their strong profitability ratios, only to have shareholders compress valuation simply due to peers working lower. Banks often trade in tandem with one another and their valuations rarely get out of sync, at least from a relative comparison. In my mind, once there are some signs of sustainable economic growth, or a more productive yield curve improvement, I believe HOMB will be one of

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Just Approved: Cheap money to access from home equity

Published


Mortgage adviser: Liz Bayer, ProMortgage.

Property type: Single-family home in Berkeley.

Appraised value: $1.215 million.

Loan amount: $449,000.

Loan type: 30-year fixed.

Rate: 2.625%.

APR: 2.841%.

Backstory: I have a number of clients taking advantage of historically low rates and historically high home equity to get a cash out refinance. Past clients of mine had decided that they plan to live out their days in their home but wanted to tap into their equity to make home improvements to provide features that will benefit them as they age.


What was great is that even though they had a good rate from a previous transaction, it made all the sense in the world for them to refinance rather their mortgage taking out more than $100,000 with a new rate — which was lower than the one they had, even though this was a cashout refinance.



Although they did have a lot of equity in their home, conventional lending did not allow for an appraisal waiver as guidelines do not allow for a waiver if the transaction is cash out. In spite of this, we were able to get their loan done in 23 days. This is a perfect time to tap into home equity for long term needs.


Liz Bayer, ProMortgage, 415-383-3111, [email protected]


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47 Cheap Ways To Make Your Home Look SO Much Better

Home improvement doesn’t always mean dropping a ton of money to make things look better. In fact, there are many cheap ways to make your home look and feel better in an instant. Small improvements and additions can make a huge impact on your home and its overall ambiance — and thanks to Amazon, finding these types of life-changing pieces is now easier than ever.

To give you a head start on your new home-upgrading project, I’ve combed through the marketplace and uncovered some great finds. So before you begin shopping, it may be worth checking out these items that’ll quickly turn your dwelling space into the comfortable, yet aesthetic environment you always knew it could be.

From stainless steel contact paper that can be used to spruce up your appliances to decorative rugs that’ll add texture and depth your living space, this list has it all. There are tons of organizing solutions, too — like bathroom storage cabinets, laundry carts, refrigerator door shelves, and over-the-door hangers for your key wardrobe pieces. There’s even a wicker essential oil diffuser that looks as great as it works.

Whether you’re hoping to change a little or a lot, the products below will certainly make your home look and feel better than it ever has before.

1

A Set Of Golden Measuring Cups & Spoons

This set of modern measuring cups and spoons will add a new air of ambiance to your kitchen. The eight-piece set of gold-finished stainless steel utensils provides everything you need to whip up your favorite recipes. It comes with four measuring cups and four measuring spoons that nest together for easy storage. You can choose copper, too.

2

This Rattan Wicker Essential Oil Diffuser

Use this essential oil diffuser to dispense your favorite scents throughout your home. It’s

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Constructing A Cheap House In The Philippines

Truly, lavatory reworking together with kitchen remodeling are two high main house improvements initiatives made by most People as of in the present day. As a toilet is an space of high humidity, wall paper and regular residence paints needs to be avoided to stop molds and fungus. Corner baths and showers are great for saving house and i have found that many consumers love this, even after they have area.

Slate coloured flooring tiles compliments wooden end on the wall mounted vainness. Wallpaper and wallcoverings – The perfect and best option to combine the shabby chic theme into your bathroom is to finish the walls with shabby stylish wallpaper and wallcoverings.

If the primary tiles are even just a little crooked, by the point to get to the highest of the wall, the uneven look might be evident, so take care in aligning all tiles correctly. One other interesting solution to keep inventive is by laying the ground tiles on a diagonal, versus laying them straight.

Wall tiles can go with any type however are also pretty expensive. Massive tiles will clearly cowl a bigger area quickly and successfully, whereas small tiles are perfect for smaller areas comparable to basin surrounds or for framing a design. If you do not have such luxury of house, put the stones in glass jars and show them on a shelf, or neatly arrange them on the floor or across the tub.

Set up rock wall tile inside the shower, and a rain shower head. Purple tile or bold partitions with sleek fixture may be your factor. Vessel sinks are available quite a lot of colours and materials. Mosaic tiles can be very time consuming however with a talented inventive touch you can create a novel point of interest.…

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Easy & Cheap DIY Kitchen Counter tops

A kitchen remodel is probably one of the vital necessary renovations to perform on your house and by doing so it’s going to also add value to your own home. Since kitchen transforming is usually performed indoors, you’ll be able to schedule the job on an off-peak season to avail of contractor promotions. Whereas Remodeling Magazine’s report may be very useful, it is nonetheless a very one dimension fits all strategy to establishing a price range.

By the point you are finished along with your record, these minor tasks add up to reaching the general result you envisioned. Kitchen remodeling is a big-scale house project when it comes to finance, constructing permits, and general inconvenience. Taking down the brick arch and changing it with a extra conventional doorway left sufficient house to customized construct a built in larder, thus including further strength to justifying renovating the eating room at the same time as modernising the kitchen.

The kitchen format you already have may not be the perfect in your area, so step one of your remodel must be assessing the space you may have, measuring and determining a structure to fit your wants and needs. Take a look at the example at the right and see what a coffered ceiling merely with totally different paint colours can offer a big or small house.

If you’ll be able to do the rework yourself, you can save some huge cash, which adds to the value of finishing a kitchen rework. Early Victorian houses featured lighter colored walls with richer colors within the dining room and library. Hardwoods and ceramic tiles are the most well-liked choices for kitchen flooring.

A sampling of over 100 fashionable residence floorplans of one thousand to 3000 sq. foot homes revealed the typical kitchen sq. footage to be …

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