Home BancShares, Inc. (HOMB) Given Average Recommendation of “Hold” by Brokerages
Shares of Home BancShares, Inc. (NASDAQ:HOMB) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $28.70.
Several research analysts have recently weighed in on the stock. ValuEngine lowered shares of Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Piper Jaffray Companies reiterated a “neutral” rating and set a $27.00 price objective on shares of Home BancShares in a report on Thursday, October 5th. Zacks Investment Research lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. BidaskClub lowered shares of Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 price target on shares of Home BancShares in a report on Friday, July 21st.
In other news, Chairman John W. Allison acquired 15,000 shares of the stock in a transaction on Monday, July 24th. The stock was bought at an average price of $24.68 per share, with a total value of $370,200.00. Following the completion of the transaction, the chairman now directly owns 4,953,896 shares of the company’s stock, valued at $122,262,153.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tracy French acquired 3,100 shares of the stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $23.54 per share, with a total value of $72,974.00. Following the transaction, the insider now directly owns 102,268 shares of the company’s stock, valued at $2,407,388.72. The disclosure for this purchase can be found here. Insiders purchased 33,100 shares of company stock worth $825,074 in the last 90 days. 11.27% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund acquired a new stake in Home BancShares in the second quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Home BancShares by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 379 shares in the last quarter. Advisor Group Inc. grew its position in Home BancShares by 11.7% in the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 554 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Home BancShares in the first quarter valued at approximately $204,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Home BancShares in the second quarter valued at approximately $212,000. 49.82% of the stock is owned by institutional investors.
Shares of Home BancShares (HOMB) traded down 0.39% on Wednesday, hitting $25.64. 480,072 shares of the company were exchanged. The company has a 50-day moving average price of $23.73 and a 200 day moving average price of $24.62. The firm has a market cap of $3.67 billion, a P/E ratio of 19.18 and a beta of 1.19. Home BancShares has a 52-week low of $19.74 and a 52-week high of $29.69.
Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $131.77 million for the quarter, compared to analyst estimates of $132.18 million. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same period in the prior year, the firm posted $0.31 EPS. Analysts predict that Home BancShares will post $1.38 EPS for the current fiscal year.
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).
Receive News & Ratings for Home BancShares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home BancShares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.