Home BancShares, Inc. (HOMB) Given “Hold” Rating at Piper Jaffray Companies
Home BancShares, Inc. (NASDAQ:HOMB)‘s stock had its “hold” rating reaffirmed by equities researchers at Piper Jaffray Companies in a research report issued on Friday. They currently have a $27.00 price target on the financial services provider’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 10.70% from the company’s current price.
HOMB has been the subject of several other reports. ValuEngine upgraded shares of Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 price objective on shares of Home BancShares in a report on Friday. BidaskClub lowered shares of Home BancShares from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Monday, June 26th. Finally, Merion Capital Group restated a “neutral” rating and issued a $28.50 price objective on shares of Home BancShares in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $29.30.
Home BancShares (HOMB) traded down 0.45% during midday trading on Friday, reaching $24.39. 584,582 shares of the company’s stock traded hands. The stock has a market cap of $3.50 billion, a P/E ratio of 18.80 and a beta of 1.19. The company’s 50-day moving average price is $24.63 and its 200-day moving average price is $26.05. Home BancShares has a 52-week low of $19.74 and a 52-week high of $29.69.
Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Home BancShares had a net margin of 33.82% and a return on equity of 13.81%. The business had revenue of $131.77 million during the quarter, compared to analyst estimates of $132.18 million. During the same period in the prior year, the business earned $0.31 EPS. On average, equities analysts predict that Home BancShares will post $1.38 EPS for the current fiscal year.
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In other Home BancShares news, insider Tracy French purchased 2,300 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average cost of $23.79 per share, for a total transaction of $54,717.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jim F. Haynes, Jr. sold 1,500 shares of the stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $25.50, for a total transaction of $38,250.00. The disclosure for this sale can be found here. 11.27% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Copeland Capital Management LLC raised its position in shares of Home BancShares by 20.6% in the second quarter. Copeland Capital Management LLC now owns 809,158 shares of the financial services provider’s stock valued at $20,148,000 after buying an additional 138,484 shares during the last quarter. Legato Capital Management LLC acquired a new position in shares of Home BancShares during the second quarter valued at about $1,275,000. State Treasurer State of Michigan acquired a new position in shares of Home BancShares during the second quarter valued at about $1,295,000. LS Investment Advisors LLC raised its position in shares of Home BancShares by 71.8% in the second quarter. LS Investment Advisors LLC now owns 12,659 shares of the financial services provider’s stock valued at $315,000 after buying an additional 5,292 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Home BancShares during the second quarter valued at about $119,000. Institutional investors own 60.24% of the company’s stock.
Home BancShares Company Profile
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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