Shares of Home Bancshares Inc (NASDAQ:HOMB) have received an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $27.92.
A number of research firms have commented on HOMB. Piper Jaffray reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Home Bancshares in a report on Tuesday, January 9th. BidaskClub raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Sandler O’Neill set a $25.00 price objective on shares of Home Bancshares and gave the stock a “hold” rating in a report on Wednesday, March 28th. Zacks Investment Research downgraded shares of Home Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $30.00 price target on shares of Home Bancshares in a report on Friday, December 22nd.
Home Bancshares stock opened at $22.60 on Wednesday. The firm has a market capitalization of $4,031.81, a price-to-earnings ratio of 17.18 and a beta of 1.11. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.03 and a quick ratio of 1.03. Home Bancshares has a 12 month low of $20.82 and a 12 month high of $26.53.
Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $164.30 million during the quarter, compared to the consensus estimate of $165.40 million. Home Bancshares had a net margin of 21.79% and a return on equity of 11.18%. The firm’s revenue was up 28.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. analysts anticipate that Home Bancshares will post 1.75 earnings per share for the current fiscal year.
Home Bancshares declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 22nd that permits the company to buyback 5,000,000 shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
In other news, Director Richard H. Ashley sold 300,000 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $25.01, for a total transaction of $7,503,000.00. Following the completion of the transaction, the director now owns 145,354 shares of the company’s stock, valued at $3,635,303.54. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 9.15% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in shares of Home Bancshares by 144.7% during the third quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 4,163 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Home Bancshares by 43.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,794 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 2,354 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Home Bancshares during the third quarter valued at $201,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Home Bancshares during the fourth quarter valued at $205,000. Finally, Meadow Creek Investment Management LLC boosted its holdings in shares of Home Bancshares by 69.9% during the fourth quarter. Meadow Creek Investment Management LLC now owns 10,224 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 4,208 shares during the period. 64.94% of the stock is owned by institutional investors.
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About Home Bancshares
Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, and money market accounts, as well as certificates of deposit.
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