Home Bancshares Given Average Rating of “Buy” by Analysts (NASDAQ:HOMB)
Shares of Home Bancshares (NASDAQ:HOMB) have been given an average rating of “Buy” by the eight brokerages that are currently covering the company, Analyst Ratings.Net reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $34.78.
Shares of Home Bancshares (NASDAQ:HOMB) traded down 0.03% during mid-day trading on Tuesday, hitting $30.53. 19,270 shares of the company’s stock traded hands. Home Bancshares has a 1-year low of $24.83 and a 1-year high of $38.98. The stock’s 50-day moving average is $32.41 and its 200-day moving average is $32.82. The company has a market cap of $1.989 billion and a price-to-earnings ratio of 22.02.
Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.01. During the same quarter last year, the company posted $0.32 earnings per share. On average, analysts predict that Home Bancshares will post $1.78 earnings per share for the current fiscal year.
HOMB has been the subject of a number of recent research reports. Analysts at FIG Partners upgraded shares of Home Bancshares from a “market perform” rating to an “outperform” rating in a research note on Monday. They now have a $35.00 price target on the stock, down previously from $36.50. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Home Bancshares in a research note on Friday. They now have a $37.00 price target on the stock, down previously from $38.00. Finally, analysts at Raymond James reiterated a “hold” rating on shares of Home Bancshares in a research note on Friday, May 16th. They now have a $38.00 price target on the stock, up previously from $28.70.
Home BancShares, Inc (NASDAQ:HOMB), incorporated on September 01, 1989, is a bank holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.