Home BancShares Inc. (NASDAQ:HOMB) Receives Consensus Rating of “Hold” from Analysts
Home BancShares Inc. (NASDAQ:HOMB) has earned a consensus rating of “Hold” from the nine brokerages that are covering the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $22.75.
A number of analysts have weighed in on the company. Zacks Investment Research downgraded Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Sandler O’Neill downgraded Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a report on Tuesday, September 13th.
In related news, insider Jim F. Haynes, Jr. sold 3,250 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $21.47, for a total value of $69,777.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Russell Davis Carter III sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $21.22, for a total transaction of $169,760.00. The disclosure for this sale can be found here. 15.02% of the stock is owned by insiders.
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Institutional investors have recently made changes to their positions in the stock. Aperio Group LLC boosted its position in shares of Home BancShares by 10.6% in the first quarter. Aperio Group LLC now owns 10,925 shares of the financial services provider’s stock valued at $447,000 after buying an additional 1,050 shares during the last quarter. Ngam Advisors L.P. acquired a new position in shares of Home BancShares during the first quarter valued at $4,232,000. TIAA CREF Investment Management LLC boosted its position in shares of Home BancShares by 5.6% in the first quarter. TIAA CREF Investment Management LLC now owns 248,743 shares of the financial services provider’s stock valued at $10,186,000 after buying an additional 13,089 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of Home BancShares by 2.3% in the first quarter. Teachers Advisors Inc. now owns 82,348 shares of the financial services provider’s stock valued at $3,372,000 after buying an additional 1,825 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Home BancShares by 7.9% in the first quarter. Prudential Financial Inc. now owns 196,208 shares of the financial services provider’s stock valued at $8,034,000 after buying an additional 14,306 shares during the last quarter. 58.69% of the stock is currently owned by institutional investors and hedge funds.
Home BancShares (NASDAQ:HOMB) traded up 0.48% during mid-day trading on Monday, reaching $20.82. The company had a trading volume of 193,625 shares. Home BancShares has a one year low of $16.93 and a one year high of $23.75. The company has a market capitalization of $2.92 billion, a P/E ratio of 18.42 and a beta of 0.96. The stock has a 50 day moving average price of $22.13 and a 200 day moving average price of $21.18.
Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. Home BancShares had a return on equity of 13.43% and a net margin of 32.13%. During the same quarter in the prior year, the company posted $0.50 earnings per share. On average, equities analysts expect that Home BancShares will post $1.23 earnings per share for the current fiscal year.
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).
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