Home Bancshares Stock Rating Upgraded by Keefe, Bruyette & Woods (HOMB)
Home Bancshares (NASDAQ:HOMB) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $35.00 target price on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 24.91% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on HOMB. Analysts at Drexel Hamilton initiated coverage on shares of Home Bancshares in a research note on Thursday, May 8th. They set a “hold” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of Home Bancshares from a “sell” rating to a “neutral” rating in a research note on Monday, April 21st. Finally, analysts at Raymond James upgraded shares of Home Bancshares from a “market perform” rating to an “outperform” rating in a research note on Monday, April 21st. They now have a $38.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Home Bancshares currently has a consensus rating of “Buy” and an average target price of $33.95.
Home Bancshares (NASDAQ:HOMB) traded up 1.81% on Friday, hitting $29.22. 99,918 shares of the company’s stock traded hands. Home Bancshares has a 52-week low of $20.32 and a 52-week 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 $1.903 billion and a P/E ratio of 22.72.
Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, April 17th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.01. During the same quarter last 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. Investors 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.
Home BancShares, Inc (NASDAQ:HOMB), incorporated on September 01, 1989, is a bank holding company.
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