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).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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