Home BancShares, Inc. (NASDAQ:HOMB) has received an average rating of “Hold” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $27.75.

A number of analysts recently issued reports on HOMB shares. ValuEngine cut Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Stephens reaffirmed an “overweight” rating and issued a $28.00 price target (down previously from $29.00) on shares of Home BancShares in a report on Tuesday, September 12th. Zacks Investment Research cut Home BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $27.00 price target on shares of Home BancShares in a report on Thursday, October 5th. Finally, Sandler O’Neill cut Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a report on Friday, October 20th.

In other news, Director Jim Rankin acquired 1,337 shares of Home BancShares stock in a transaction dated Friday, November 10th. The shares were purchased at an average cost of $21.45 per share, for a total transaction of $28,678.65. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 11.27% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of Home BancShares by 34.9% during the 2nd quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock valued at $151,902,000 after purchasing an additional 1,579,605 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Home BancShares by 39.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock worth $107,318,000 after acquiring an additional 1,206,395 shares during the last quarter. Northern Trust Corp grew its position in Home BancShares by 19.6% during the 2nd quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after acquiring an additional 569,061 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Home BancShares by 7.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,259,933 shares of the financial services provider’s stock worth $56,272,000 after acquiring an additional 166,283 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Home BancShares by 23.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,871,089 shares of the financial services provider’s stock worth $47,190,000 after acquiring an additional 354,880 shares during the last quarter. Hedge funds and other institutional investors own 63.49% of the company’s stock.

Shares of Home BancShares (HOMB) traded down $0.36 on Thursday, reaching $23.80. The company had a trading volume of 1,456,389 shares, compared to its average volume of 871,267. The stock has a market cap of $4,016.38, a PE ratio of 17.13 and a beta of 1.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 1.01. Home BancShares has a twelve month low of $20.82 and a twelve month high of $29.69.

Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $128.23 million for the quarter, compared to analysts’ expectations of $135.55 million. Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. During the same period last year, the company posted $0.33 EPS. research analysts predict that Home BancShares will post 1.36 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.11 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.85%. Home BancShares’s dividend payout ratio (DPR) is presently 38.94%.

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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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