Home BancShares (HOMB) Stock Rating Upgraded by Zacks Investment Research

Home BancShares (NASDAQ:HOMB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “HOME BANCSHARES, INC. is a bank holding company, headquartered in Conway, Arkansas, with six wholly owned bank subsidiaries that provide a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities. Three of the bank subsidiaries are located in the central Arkansas market area, a fourth serves central and southern Arkansas, a fifth serves Stone County in north central Arkansas, and a sixth serves the Florida Keys and southwestern Florida. “

A number of other analysts have also recently issued reports on HOMB. ValuEngine cut Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $27.00 price objective on shares of Home BancShares in a research note on Thursday, October 5th. Stephens reaffirmed an “overweight” rating and set a $28.00 price objective (down from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 price objective on shares of Home BancShares in a research note on Friday, October 20th. Finally, Sandler O’Neill downgraded 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Home BancShares presently has an average rating of “Hold” and an average target price of $27.79.

Home BancShares (NASDAQ:HOMB) opened at $22.91 on Tuesday. The stock has a market capitalization of $3,980.00, a PE ratio of 17.84 and a beta of 1.18. Home BancShares has a 1 year low of $20.82 and a 1 year high of $29.69. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.64.

Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The business had revenue of $128.23 million for the quarter, compared to analyst estimates 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 in the prior year, the company posted $0.33 earnings per share. equities research analysts predict that Home BancShares will post 1.36 earnings per share for the current year.

In other news, Director Jim Rankin acquired 1,337 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost 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 is available through this link. Company insiders own 11.27% of the company’s stock.

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in Home BancShares by 53.2% during the 2nd quarter. SG Americas Securities LLC now owns 42,159 shares of the financial services provider’s stock valued at $1,050,000 after buying an additional 14,639 shares during the last quarter. Fortaleza Asset Management Inc. boosted its holdings in shares of Home BancShares by 84.7% during the second quarter. Fortaleza Asset Management Inc. now owns 8,667 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 3,975 shares during the last quarter. Legato Capital Management LLC boosted its holdings in shares of Home BancShares by 72.8% during the third quarter. Legato Capital Management LLC now owns 88,466 shares of the financial services provider’s stock worth $2,231,000 after purchasing an additional 37,270 shares during the last quarter. TD Asset Management Inc. boosted its holdings in shares of Home BancShares by 8.7% during the second quarter. TD Asset Management Inc. now owns 49,800 shares of the financial services provider’s stock worth $1,240,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Home BancShares by 366.4% during the second quarter. Ameritas Investment Partners Inc. now owns 48,751 shares of the financial services provider’s stock worth $1,214,000 after purchasing an additional 38,298 shares during the last quarter. 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).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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