Home BancShares (NASDAQ:HOMB) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other equities analysts also recently issued reports on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $26.00 price objective on shares of Home BancShares in a report on Tuesday, January 9th. Sandler O’Neill set a $26.00 price objective on shares of Home BancShares and gave the stock a “hold” rating in a report on Thursday, January 4th. Zacks Investment Research raised shares of Home BancShares from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, December 26th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $30.00 price objective on shares of Home BancShares in a report on Friday, December 22nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $28.00 price objective on shares of Home BancShares in a report on Friday, October 20th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $27.50.

Shares of Home BancShares (NASDAQ HOMB) traded up $0.29 during mid-day trading on Thursday, hitting $25.01. 864,885 shares of the stock were exchanged, compared to its average volume of 1,284,583. Home BancShares has a 52-week low of $20.82 and a 52-week high of $29.69. The company has a market capitalization of $4,342.84, a price-to-earnings ratio of 22.13 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 (NASDAQ:HOMB) last posted 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 business had revenue of $128.23 million during 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 in the previous year, the business posted $0.33 EPS. sell-side analysts forecast that Home BancShares will post 1.36 EPS for the current year.

In other Home BancShares news, Director Jim Rankin acquired 1,337 shares of the company’s stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.27% of the company’s stock.

A number of large investors have recently modified their holdings of the business. M&T Bank Corp lifted its holdings in Home BancShares by 0.4% during the second quarter. M&T Bank Corp now owns 12,066 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 48 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Home BancShares by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 379 shares in the last quarter. Advisor Group Inc. lifted its holdings in Home BancShares by 11.7% during the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 554 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Home BancShares by 8.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,361 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 936 shares in the last quarter. Finally, Dana Investment Advisors Inc. lifted its holdings in Home BancShares by 0.7% during the second quarter. Dana Investment Advisors Inc. now owns 174,174 shares of the financial services provider’s stock valued at $4,337,000 after purchasing an additional 1,245 shares in the last quarter. 63.46% of the stock is currently 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).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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