Home BancShares (NASDAQ:HOMB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “HOME BANCSHARES, INC. is a bank holding company, headquartered in Conway, Arkansas, with six wholly owned bank subsidiaries that provide a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities. Three of the bank subsidiaries are located in the central Arkansas market area, a fourth serves central and southern Arkansas, a fifth serves Stone County in north central Arkansas, and a sixth serves the Florida Keys and southwestern Florida. “

A number of other analysts have also weighed in on the stock. Piper Jaffray Companies set a $25.00 target price on shares of Home BancShares and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada restated a “hold” rating and set a $28.00 target price on shares of Home BancShares in a research note on Friday, October 20th. Sandler O’Neill lowered shares of Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research note on Friday, October 20th. Stephens restated an “overweight” rating and set a $28.00 target price (down from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Finally, ValuEngine lowered shares of Home BancShares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.79.

Home BancShares (NASDAQ:HOMB) traded down $0.60 during mid-day trading on Tuesday, hitting $23.48. 1,377,410 shares of the company were exchanged, compared to its average volume of 878,970. 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 12-month low of $20.82 and a 12-month high of $29.69. The stock has a market capitalization of $4,125.77, a price-to-earnings ratio of 17.60 and a beta of 1.17.

Home BancShares (NASDAQ:HOMB) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. The firm had revenue of $128.23 million for the quarter, compared to analysts’ expectations of $135.55 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. sell-side analysts forecast that Home BancShares will post 1.36 earnings per share for the current fiscal year.

In related news, Director Jim Rankin purchased 1,500 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $21.29 per share, for a total transaction of $31,935.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.27% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Home BancShares by 130.7% in the first quarter. BlackRock Inc. now owns 3,745 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 2,122 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Home BancShares in the first quarter valued at approximately $164,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Home BancShares by 2.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,268 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 113 shares during the period. First Bank & Trust acquired a new stake in shares of Home BancShares in the third quarter valued at approximately $117,000. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of Home BancShares in the second quarter valued at approximately $119,000. Institutional investors own 63.46% of the company’s stock.

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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).

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