On Friday, Shares of Home Bancshares Inc (NASDAQ:HOMB), added 2.00% and closed at $24.95 in the last trading session. The last trading range of the stock ranges between $24.24 and $25.09. Home BancShares, Inc. (HOMB) (“Home” or “the Company”), parent company of Centennial Bank, (“Centennial”), and Giant Holdings, Inc. (“GHI”), parent company of Landmark Bank, N.A. (“Landmark”), headquartered in Ft. Lauderdale, Florida, recently declared the signing of a definitive agreement and plan of merger for Home to acquire GHI. Under the terms of the agreement, GHI will merge into Home, Landmark will merge into Centennial, and shareholders of GHI will receive proceeds from the transaction of about $88.5 million, consisting of $18.5 million in cash and $70.0 million of Home common stock.
GHI presently operates six branch locations in the Ft. Lauderdale area. As of September 30, 2016, GHI had about $463.0 million in total assets, $335.2 million in loans, and $368.2 million in deposits. Upon completion of the acquisition, the Company will have about $10.2 billion in total assets.
“The acquisition of Landmark allows us to increase our market share in the Ft. Lauderdale area. We consider this acquisition a smart deal, and it is right away accretive to diluted earnings per share, book value and tangible book value,” said John Allison, Home’s Chairman. “We have remained disciplined in our pricing in order to provide our shareholders added value on day one, while adding a great bank to our Company. I personally look forward to working with Jeff Roschman, GHI’s Chairman, and his fine team of bankers. Jeff and I share the common interest of continuing to build this company.”
Mitek Systems, Inc. (NASDAQ:MITK), dropped -8.20% and closed at $5.60 in the last trading session. The last trading range of the stock ranges between $5.55 and $6.15. The company’s Market capitalization is $168.53 million with the total Outstanding Shares of 32.78 million. Mitek (MITK) a global leader in mobile capture and identity verification software solutions, recently declared it will take part at the 2nd Annual ROTH Technology Corporate Access Day on November 16, 2016 in New York City
Mitek administration will take part in one-on-one meetings with institutional shareholders at the conference.
DENTSPLY SIRONA Inc (NASDAQ:XRAY), dropped -1.43% and closed at $60.21 in the last trading session. The last trading range of the stock ranges between $60.10 and $61.19.The company stock’s 52-week range is $53.43 – $65.83. DENTSPLY SIRONA Inc. (“Dentsply Sirona”) (XRAY), The Dental Solutions CompanyTM, recently declared its financial results for the three months ended September 30, 2016.
Third Quarter 2016 Financial Results
Stated net sales of $954.2 million raised 47.0% contrast to $648.9 million in the third quarter of 2015. For the three month period ended September 30, 2016, sales of the combined businesses1 grew 0.4% at constant currency exchange rates and internal growth2 was flat.
On a geographic basis, U.S. stated net sales, apart from precious metals, of $334.2 million raised 33.9% contrast to $249.5 million in the third quarter of 2015. Sales of the combined businesses1 declined 3.1% on a constant currency basis with internal growth down 3.2% during the three month period ended September 30, 20162.
Stated net sales in Europe, apart from precious metals, raised 41.3% to $348.3 million contrast to $246.5 million in the third quarter of 2015. Sales of the combined businesses1 grew 1.6% on a constant currency basis with internal growth of 1.2% during the three month period ended September 30, 20162.