Home BancShares (NASDAQ:HOMB) received a $26.00 target price from research analysts at Sandler O’Neill in a note issued to investors on Thursday. The firm presently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s price objective would suggest a potential upside of 10.59% from the stock’s previous close.
A number of other brokerages also recently issued reports on HOMB. Piper Jaffray Companies reissued a “neutral” rating and issued a $27.00 price objective on shares of Home BancShares in a research note on Thursday, October 5th. Royal Bank of Canada reissued a “hold” rating and issued a $28.00 price objective on shares of Home BancShares in a research note on Friday, October 20th. BidaskClub raised Home BancShares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $30.00 price objective on shares of Home BancShares in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised Home BancShares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $27.36.
Shares of Home BancShares (NASDAQ HOMB) traded up $0.39 during trading hours on Thursday, hitting $23.51. The stock had a trading volume of 920,756 shares, compared to its average volume of 1,357,517. The firm has a market cap of $4,082.37, a P/E ratio of 17.41 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 12 month low of $20.82 and a 12 month high of $29.69.
In other news, Director Jim Rankin bought 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average cost of $21.29 per share, with a total value of $31,935.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.27% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. State Street Corp increased its position in Home BancShares by 34.9% in 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 buying an additional 1,579,605 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 1,206,395 shares in the last quarter. Northern Trust Corp increased its holdings 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 purchasing an additional 569,061 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings 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 purchasing an additional 166,283 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings 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 purchasing an additional 354,880 shares in the last quarter. 63.45% of the stock is owned by institutional investors and hedge funds.
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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).
