Home BancShares, Inc. (HOMB) Given Overweight Rating at Stephens

Home BancShares, Inc. (NASDAQ:HOMB)‘s stock had its “overweight” rating reissued by research analysts at Stephens in a research note issued to investors on Tuesday. They presently have a $28.00 price target on the financial services provider’s stock, down from their prior price target of $29.00. Stephens’ price target would suggest a potential upside of 24.50% from the stock’s previous close.

A number of other brokerages also recently commented on HOMB. Zacks Investment Research upgraded shares of Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Home BancShares from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. ValuEngine upgraded shares of Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 price objective on shares of Home BancShares in a research note on Friday, July 21st. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $27.00 price objective on shares of Home BancShares in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $28.58.

Shares of Home BancShares (NASDAQ:HOMB) traded down 0.289% during mid-day trading on Tuesday, hitting $22.425. The stock had a trading volume of 916,072 shares. The firm has a market cap of $3.21 billion, a PE ratio of 16.773 and a beta of 1.19. The stock’s 50-day moving average is $23.98 and its 200 day moving average is $25.23. Home BancShares has a 12 month low of $19.74 and a 12 month high of $29.69.

Home BancShares (NASDAQ:HOMB) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Equities research analysts predict that Home BancShares will post $1.39 earnings per share for the current fiscal year.

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In other Home BancShares news, Chairman John W. Allison bought 15,000 shares of Home BancShares stock in a transaction dated Monday, July 24th. The stock was acquired at an average cost of $24.68 per share, with a total value of $370,200.00. Following the completion of the acquisition, the chairman now owns 4,953,896 shares of the company’s stock, valued at $122,262,153.28. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tracy French bought 3,100 shares of Home BancShares stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $23.54 per share, with a total value of $72,974.00. Following the completion of the acquisition, the insider now directly owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The disclosure for this purchase can be found here. Insiders acquired 33,100 shares of company stock valued at $825,074 in the last 90 days. 11.27% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in HOMB. BlackRock Inc. raised its holdings in shares of Home BancShares by 37,629.8% in the first quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock valued at $444,776,000 after buying an additional 16,387,044 shares during the last quarter. 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 valued at $151,902,000 after buying an additional 1,579,605 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Home BancShares by 865.4% in the second quarter. Voya Investment Management LLC now owns 1,345,605 shares of the financial services provider’s stock valued at $33,505,000 after buying an additional 1,206,224 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Home BancShares by 9.6% in the first quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock valued at $300,852,000 after buying an additional 973,217 shares during the last quarter. Finally, 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 valued at $86,419,000 after buying an additional 569,061 shares during the last quarter. 60.61% of the stock is owned by institutional investors and hedge funds.

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).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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