Home Bancshares Rating Increased to Outperform at Wunderlich (HOMB)
Home Bancshares (NASDAQ:HOMB) was upgraded by investment analysts at Wunderlich from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday, Analyst Ratings Net reports. The firm currently has a $35.00 target price on the stock. Wunderlich’s price target would indicate a potential upside of 24.91% from the stock’s previous close.
The analysts wrote, “We are upgrading the shares of HOMB to Outperform from Market Perform. Our target price of $35 represents 22% potential upside from last night’s closing price. The shares are down 23% year-to-date, underperforming the KRX decline of 10%. With the valuation premium to peers just 11% currently, down from 28% in February, and our expectations of superior profitability we believe the current share price provides an attractive entry point.”
Home Bancshares (NASDAQ:HOMB) opened at 28.70 on Friday. Home Bancshares has a one year low of $20.32 and a one year high of $38.98. The stock’s 50-day moving average is $32.59 and its 200-day moving average is $34.06. The company has a market cap of $1.869 billion and a price-to-earnings ratio of 22.72.
Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, April 17th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.01. During the same quarter in the prior year, the company posted $0.64 earnings per share. On average, analysts predict that Home Bancshares will post $1.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Monday, May 12th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Drexel Hamilton upgraded shares of Home Bancshares from a “hold” rating to a “buy” rating in a research note on Friday. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Home Bancshares from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a $35.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.74.
Home BancShares, Inc (NASDAQ:HOMB), incorporated on September 01, 1989, is a bank holding company.
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