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.
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.
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).
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