Home BancShares, Inc. (HOMB) Receives Average Recommendation of “Hold” from Brokerages

Shares of Home BancShares, Inc. (NASDAQ:HOMB) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $27.50.

Several research firms have recently weighed in on HOMB. Sandler O’Neill lowered 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. BidaskClub raised shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 price objective on shares of Home BancShares in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 price objective on shares of Home BancShares in a research note on Friday, December 22nd.

Home BancShares (NASDAQ HOMB) traded up $0.91 during trading hours on Friday, hitting $24.77. 1,160,257 shares of the stock traded hands, compared to its average volume of 986,008. Home BancShares has a one year low of $20.82 and a one year high of $29.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $4,300.00, a price-to-earnings ratio of 27.22 and a beta of 1.18.

Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. The company had revenue of $164.30 million during the quarter, compared to analyst estimates of $165.40 million. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 28.4% on a year-over-year basis. equities analysts forecast that Home BancShares will post 1.36 earnings per share for the current year.

In other news, Director Jim Rankin acquired 1,500 shares of Home BancShares stock in a transaction on Wednesday, November 8th. The stock was bought at an average cost of $21.29 per share, with a total value of $31,935.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.27% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its stake in Home BancShares by 8.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 878,350 shares of the financial services provider’s stock valued at $20,422,000 after buying an additional 65,280 shares in the last quarter. Skylands Capital LLC lifted its position in shares of Home BancShares by 14.2% in the fourth quarter. Skylands Capital LLC now owns 144,611 shares of the financial services provider’s stock worth $3,362,000 after purchasing an additional 18,011 shares in the last quarter. Capital Insight Partners LLC purchased a new stake in shares of Home BancShares in the fourth quarter worth approximately $353,000. National Investment Services Inc. WI lifted its position in shares of Home BancShares by 70.7% in the fourth quarter. National Investment Services Inc. WI now owns 20,795 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 8,616 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Home BancShares by 15.8% in the third quarter. Sterling Capital Management LLC now owns 78,148 shares of the financial services provider’s stock worth $1,971,000 after purchasing an additional 10,659 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

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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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