Home BancShares (HOMB) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Home BancShares (NASDAQ:HOMB) from a sell rating to a hold rating in a research report released on Wednesday, December 20th.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Home BancShares from a hold rating to a sell rating in a research note on Wednesday, September 20th. Sandler O’Neill lowered shares of Home BancShares from a buy rating to a hold rating and set a $27.00 target price for the company. in a research note on Friday, October 20th. Piper Jaffray Companies set a $25.00 target price on shares of Home BancShares and gave the company a hold rating in a research note on Tuesday, October 24th. Royal Bank of Canada reiterated a hold rating and set a $28.00 target price on shares of Home BancShares in a research note on Friday, October 20th. Finally, Stephens reiterated an overweight rating and set a $28.00 target price (down from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $27.50.

Shares of Home BancShares (NASDAQ:HOMB) traded up $0.48 during midday trading on Wednesday, reaching $24.72. 752,383 shares of the company were exchanged, compared to its average volume of 894,048. The stock has a market cap of $4,260.00, a price-to-earnings ratio of 22.07 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.01 and a current ratio of 1.01. Home BancShares has a 52 week low of $20.82 and a 52 week high of $29.69.

Home BancShares (NASDAQ:HOMB) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $128.23 million for the quarter, compared to analysts’ expectations of $135.55 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. During the same quarter in the prior year, the firm posted $0.33 earnings per share. equities research analysts predict that Home BancShares will post 1.36 earnings per share for the current year.

In related news, Director Jim Rankin acquired 1,500 shares of Home BancShares stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $21.29 per share, for a total transaction of $31,935.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 11.27% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. boosted its holdings in Home BancShares by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 17,068 shares of the financial services provider’s stock worth $425,000 after buying an additional 44 shares during the period. M&T Bank Corp boosted its holdings in Home BancShares by 0.4% in the 2nd quarter. M&T Bank Corp now owns 12,066 shares of the financial services provider’s stock worth $300,000 after buying an additional 48 shares during the period. Pacer Advisors Inc. boosted its holdings in Home BancShares by 0.6% in the 2nd quarter. Pacer Advisors Inc. now owns 17,158 shares of the financial services provider’s stock worth $427,000 after buying an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Home BancShares by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock worth $120,000 after buying an additional 379 shares during the period. Finally, Advisor Group Inc. boosted its holdings in Home BancShares by 11.7% in the 2nd quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock worth $132,000 after buying an additional 554 shares during the period. 63.46% of the stock is owned by institutional investors.

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About Home BancShares

Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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