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).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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