Home BancShares, Inc. (HOMB) Earns Neutral Rating from Piper Jaffray Companies
Home BancShares, Inc. (NASDAQ:HOMB)‘s stock had its “neutral” rating reaffirmed by Piper Jaffray Companies in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a $27.00 price target on the financial services provider’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 5.39% from the company’s current price.
HOMB has been the subject of a number of other research reports. ValuEngine cut Home BancShares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Stephens reiterated an “overweight” rating and set a $28.00 price objective (down previously from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Zacks Investment Research cut Home BancShares from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 price objective on shares of Home BancShares in a research note on Friday, July 21st. Finally, BidaskClub cut Home BancShares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $28.58.
Home BancShares (NASDAQ HOMB) traded up 0.31% during midday trading on Thursday, reaching $25.62. The company had a trading volume of 785,966 shares. The company has a 50-day moving average of $23.50 and a 200-day moving average of $24.67. Home BancShares has a 12-month low of $19.74 and a 12-month high of $29.69. The stock has a market capitalization of $3.67 billion, a PE ratio of 19.16 and a beta of 1.19.
Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. The business had revenue of $131.77 million during the quarter, compared to analysts’ expectations of $132.18 million. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, analysts predict that Home BancShares will post $1.39 EPS for the current fiscal year.
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In other Home BancShares news, insider Tracy French purchased 3,100 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $23.54 per share, for a total transaction of $72,974.00. Following the completion of the purchase, the insider now directly owns 102,268 shares of the company’s stock, valued at $2,407,388.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John W. Allison purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was acquired at an average price of $25.46 per share, with a total value of $381,900.00. Following the purchase, the chairman now directly owns 4,968,396 shares of the company’s stock, valued at $126,495,362.16. The disclosure for this purchase can be found here. Insiders bought 33,100 shares of company stock valued at $825,074 in the last 90 days. Company insiders own 11.27% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Home BancShares in the second quarter worth $384,000. Koch Industries Inc. purchased a new position in shares of Home BancShares in the second quarter worth $274,000. Sterling Capital Management LLC raised its stake in shares of Home BancShares by 13.7% in the second quarter. Sterling Capital Management LLC now owns 67,489 shares of the financial services provider’s stock worth $1,680,000 after purchasing an additional 8,128 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Home BancShares by 366.4% in the second quarter. Ameritas Investment Partners Inc. now owns 48,751 shares of the financial services provider’s stock worth $1,214,000 after purchasing an additional 38,298 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new position in shares of Home BancShares in the second quarter worth $1,236,000. Hedge funds and other institutional investors own 60.59% of the company’s stock.
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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