Piper Jaffray Companies restated their hold rating on shares of Home BancShares (NASDAQ:HOMB) in a research note released on Tuesday, January 9th. The firm currently has a $26.00 price target on the financial services provider’s stock.
Several other research analysts also recently commented on HOMB. Stephens restated an overweight rating and issued a $28.00 target price (down previously from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Zacks Investment Research downgraded Home BancShares from a hold rating to a sell rating in a research note on Wednesday, September 20th. Sandler O’Neill downgraded 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. Royal Bank of Canada restated a hold rating and issued a $28.00 target price on shares of Home BancShares in a research note on Friday, October 20th. Finally, BidaskClub downgraded Home BancShares from a hold rating to a sell rating in a research note on Thursday, December 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Home BancShares presently has a consensus rating of Hold and a consensus price target of $27.50.
Home BancShares (NASDAQ:HOMB) opened at $25.01 on Tuesday. Home BancShares has a 12 month low of $20.82 and a 12 month high of $29.69. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $4,342.83, a PE ratio of 22.13 and a beta of 1.17.
Home BancShares (NASDAQ:HOMB) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. The company had revenue of $128.23 million during the quarter, compared to the consensus estimate of $135.55 million. During the same quarter in the prior year, the business earned $0.33 EPS. equities analysts expect that Home BancShares will post 1.36 earnings per share for the current year.
In other Home BancShares news, Director Jim Rankin purchased 1,337 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $21.45 per share, with a total value of $28,678.65. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 11.27% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. First Bank & Trust purchased a new position in shares of Home BancShares during the 3rd quarter valued at about $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Home BancShares by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after buying an additional 379 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Home BancShares by 11.7% during the 2nd quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after buying an additional 554 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Home BancShares by 144.7% during the 3rd quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock valued at $177,000 after buying an additional 4,163 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Home BancShares during the 3rd quarter valued at about $201,000. 63.46% of the stock is currently owned by hedge funds and other 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).
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