Home BancShares (NASDAQ:HOMB) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts have also issued reports on HOMB. ValuEngine lowered shares of Home BancShares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Stephens reiterated an “overweight” rating and issued a $28.00 price target (down from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Zacks Investment Research lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $27.00 price target on shares of Home BancShares in a research note on Thursday, October 5th. Finally, Sandler O’Neill downgraded shares of Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Home BancShares presently has an average rating of “Hold” and a consensus target price of $27.79.

Shares of Home BancShares (NASDAQ HOMB) traded down $0.14 during mid-day trading on Thursday, reaching $22.61. 1,043,174 shares of the company’s stock traded hands, compared to its average volume of 885,313. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. Home BancShares has a 12-month low of $20.82 and a 12-month high of $29.69. The firm has a market cap of $3,950.39, a price-to-earnings ratio of 16.85 and a beta of 1.17.

Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. The business had revenue of $128.23 million during the quarter, compared to analyst estimates of $135.55 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. equities analysts expect that Home BancShares will post 1.36 earnings per share for the current fiscal year.

In other news, Director Jim Rankin acquired 1,337 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was bought at an average price of $21.45 per share, with a total value of $28,678.65. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 11.27% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in HOMB. SG Americas Securities LLC boosted its holdings in shares of Home BancShares by 53.2% during the 2nd quarter. SG Americas Securities LLC now owns 42,159 shares of the financial services provider’s stock worth $1,050,000 after buying an additional 14,639 shares during the period. Fortaleza Asset Management Inc. boosted its holdings in shares of Home BancShares by 84.7% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 8,667 shares of the financial services provider’s stock worth $216,000 after buying an additional 3,975 shares during the period. Legato Capital Management LLC boosted its holdings in shares of Home BancShares by 72.8% during the 3rd quarter. Legato Capital Management LLC now owns 88,466 shares of the financial services provider’s stock worth $2,231,000 after buying an additional 37,270 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Home BancShares by 213.0% during the 3rd quarter. Prudential Financial Inc. now owns 441,314 shares of the financial services provider’s stock worth $11,130,000 after buying an additional 300,306 shares during the period. Finally, TD Asset Management Inc. boosted its holdings in shares of Home BancShares by 8.7% during the 2nd quarter. TD Asset Management Inc. now owns 49,800 shares of the financial services provider’s stock worth $1,240,000 after buying an additional 4,000 shares during the period. 63.46% of the stock is owned by institutional investors.

WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/12/09/home-bancshares-homb-lowered-to-sell-at-bidaskclub.html.

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).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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.