Home BancShares (NASDAQ:HOMB) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.
A number of other equities analysts have also weighed in on the company. Zacks Investment Research raised Home BancShares from a “sell” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray Companies set a $25.00 price objective on Home BancShares and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Home BancShares in a research note on Friday, October 20th. Sandler O’Neill lowered Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research note on Friday, October 20th. Finally, Stephens reaffirmed an “overweight” rating and issued a $28.00 price objective (down previously 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, seven have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.79.
Shares of Home BancShares (NASDAQ HOMB) traded down $0.16 on Thursday, reaching $22.75. The company’s stock had a trading volume of 1,079,416 shares, compared to its average volume of 879,353. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $4,077.15, a PE ratio of 17.39 and a beta of 1.17. Home BancShares has a fifty-two week low of $20.82 and a fifty-two week high of $29.69.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data 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 business had revenue of $128.23 million during the quarter, compared to the consensus estimate of $135.55 million. Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. During the same period last year, the company earned $0.33 EPS. equities research analysts forecast that Home BancShares will post 1.36 EPS for the current year.
In other Home BancShares news, Director Jim Rankin purchased 1,500 shares of Home BancShares stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average cost of $21.29 per share, for a total transaction of $31,935.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.27% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its holdings in shares of Home BancShares by 34.9% in the second quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock worth $151,902,000 after buying an additional 1,579,605 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Home BancShares by 39.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock worth $107,318,000 after buying an additional 1,206,395 shares during the period. Northern Trust Corp raised its holdings in shares of Home BancShares by 19.6% in the second quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after buying an additional 569,061 shares during the period. Goldman Sachs Group Inc. increased its holdings in Home BancShares by 7.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,259,933 shares of the financial services provider’s stock worth $56,272,000 after purchasing an additional 166,283 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Home BancShares by 23.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,871,089 shares of the financial services provider’s stock worth $47,190,000 after purchasing an additional 354,880 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.
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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).
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