Home BancShares, Inc. (HOMB) PT Set at $25.00 by Piper Jaffray Companies
Home BancShares, Inc. (NASDAQ:HOMB) received a $25.00 price objective from research analysts at Piper Jaffray Companies in a note issued to investors on Tuesday. The firm currently has a “hold” rating on the financial services provider’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 9.89% from the company’s current price.
Other equities analysts also recently issued research reports about the company. ValuEngine upgraded Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Zacks Investment Research upgraded Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $30.00 target price on shares of Home BancShares in a report on Friday, July 21st. Royal Bank Of Canada reiterated a “hold” rating and issued a $28.00 target price on shares of Home BancShares in a report on Friday. Finally, BidaskClub downgraded Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $27.79.
Home BancShares (NASDAQ:HOMB) traded down 1.26% during midday trading on Tuesday, hitting $22.75. 1,582,150 shares of the company’s stock traded hands. The company has a market capitalization of $3.26 billion, a PE ratio of 17.02 and a beta of 1.19. The company has a 50 day moving average of $24.09 and a 200-day moving average of $24.52. Home BancShares has a 52 week low of $20.22 and a 52 week high of $29.69.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The company had revenue of $128.23 million for the quarter, compared to analyst estimates of $135.55 million. Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. During the same quarter in the previous year, the firm posted $0.33 EPS. Equities research analysts predict that Home BancShares will post $1.36 earnings per share for the current year.
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In other news, insider Tracy French purchased 3,100 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $23.54 per share, with a total value of $72,974.00. Following the purchase, the insider now owns 102,268 shares in the company, valued at approximately $2,407,388.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John W. Allison purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was purchased at an average cost of $25.46 per share, with a total value of $381,900.00. Following the purchase, the chairman now owns 4,968,396 shares in the company, valued at approximately $126,495,362.16. The disclosure for this purchase can be found here. Insiders own 11.27% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in HOMB. Oregon Public Employees Retirement Fund bought a new stake in shares of Home BancShares in the 2nd quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Home BancShares by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after buying an additional 379 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Home BancShares by 11.7% in the 2nd quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after buying an additional 554 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Home BancShares in the 1st quarter valued at approximately $204,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Home BancShares in the 2nd quarter valued at approximately $212,000. 49.84% of the stock is owned by institutional investors and hedge funds.
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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