Shares of Home BancShares Inc. (NASDAQ:HOMB) have received a consensus rating of “Hold” from the nine research firms that are presently covering the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.75.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Home BancShares from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Monday, July 25th. Sandler O’Neill downgraded shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research report on Tuesday, September 13th.
Home BancShares (NASDAQ:HOMB) opened at 20.07 on Monday. The stock has a 50 day moving average price of $21.84 and a 200-day moving average price of $21.17. The firm has a market cap of $2.82 billion, a P/E ratio of 17.76 and a beta of 0.96. Home BancShares has a 1-year low of $16.93 and a 1-year high of $23.75.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Home BancShares had a net margin of 32.13% and a return on equity of 13.43%. During the same period in the prior year, the business earned $0.50 earnings per share. Equities research analysts forecast that Home BancShares will post $1.23 EPS for the current year.
In other Home BancShares news, insider Tracy French sold 96,000 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $23.38, for a total transaction of $2,244,480.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brian Davis sold 14,888 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $23.15, for a total transaction of $344,657.20. The disclosure for this sale can be found here. 15.02% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Home BancShares by 130.7% in the first quarter. BlackRock Inc. now owns 3,745 shares of the financial services provider’s stock worth $153,000 after buying an additional 2,122 shares during the last quarter. Bessemer Group Inc. bought a new stake in Home BancShares during the first quarter worth $164,000. M&T Bank Corp boosted its stake in Home BancShares by 2.8% in the first quarter. M&T Bank Corp now owns 5,419 shares of the financial services provider’s stock worth $222,000 after buying an additional 149 shares during the last quarter. Delta Asset Management LLC TN boosted its stake in Home BancShares by 100.0% in the second quarter. Delta Asset Management LLC TN now owns 6,244 shares of the financial services provider’s stock worth $124,000 after buying an additional 3,122 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in Home BancShares during the second quarter worth $133,000. 58.69% of the stock is currently owned by hedge funds and other institutional investors.
Home BancShares Company Profile
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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