BidaskClub Lowers Home BancShares (HOMB) to Sell

Home BancShares (NASDAQ:HOMB) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other equities analysts have also issued reports on the company. Sandler O’Neill set a $26.00 price objective on Home BancShares and gave the company a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded Home BancShares from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $30.00 price objective on shares of Home BancShares in a research note on Friday, December 22nd. Piper Jaffray Companies set a $25.00 price objective on Home BancShares and gave the company a “hold” rating in a research note on Tuesday, October 24th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $28.00 price objective on shares of Home BancShares in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.36.

Shares of Home BancShares (NASDAQ:HOMB) opened at $23.51 on Friday. Home BancShares has a 12-month low of $20.82 and a 12-month high of $29.69. The firm has a market capitalization of $4,014.64, a PE ratio of 20.81 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 (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $128.23 million during the quarter, compared to the consensus estimate 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 earnings per share. sell-side analysts expect that Home BancShares will post 1.36 EPS for the current fiscal year.

In related news, Director Jim Rankin purchased 1,337 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $21.45 per share, with a total value of $28,678.65. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.27% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of HOMB. Sterling Capital Management LLC increased its position in shares of Home BancShares by 15.8% in the 3rd quarter. Sterling Capital Management LLC now owns 78,148 shares of the financial services provider’s stock valued at $1,971,000 after buying an additional 10,659 shares in the last quarter. Wolverine Trading LLC bought a new stake in shares of Home BancShares in the 3rd quarter valued at $276,000. California Public Employees Retirement System increased its position in shares of Home BancShares by 49.7% in the 3rd quarter. California Public Employees Retirement System now owns 302,380 shares of the financial services provider’s stock valued at $7,626,000 after buying an additional 100,380 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Home BancShares by 71.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,301 shares of the financial services provider’s stock valued at $260,000 after buying an additional 4,283 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Home BancShares in the 3rd quarter valued at $201,000. 63.45% of the stock is currently owned by institutional investors.

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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).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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