Home BancShares, Inc. (NASDAQ:HOMB)‘s stock had its “hold” rating restated by investment analysts at Piper Jaffray Companies in a report released on Friday. They presently have a $27.00 price objective on the financial services provider’s stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 10.70% from the stock’s current price.
A number of other analysts have also weighed in on HOMB. Stephens reaffirmed a “buy” rating on shares of Home BancShares in a report on Thursday, April 20th. Merion Capital Group reaffirmed a “neutral” rating and set a $28.50 target price on shares of Home BancShares in a report on Monday, April 24th. Keefe, Bruyette & Woods raised shares of Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a report on Monday, May 15th. BidaskClub raised shares of Home BancShares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Zacks Investment Research raised shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.30.
Shares of Home BancShares (HOMB) opened at 24.39 on Friday. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 18.80 and a beta of 1.19. Home BancShares has a 52-week low of $19.74 and a 52-week high of $29.69. The company’s 50 day moving average is $24.63 and its 200 day moving average is $26.05.
Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The business had revenue of $131.77 million for the quarter, compared to analyst estimates of $132.18 million. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same quarter in the prior year, the firm posted $0.31 EPS. Analysts anticipate that Home BancShares will post $1.38 earnings per share for the current year.
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In related news, insider Tracy French purchased 2,300 shares of the business’s stock in a transaction on Friday, May 12th. The stock was acquired at an average price of $23.79 per share, with a total value of $54,717.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jim F. Haynes, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $25.50, for a total transaction of $38,250.00. The disclosure for this sale can be found here. 11.27% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Home BancShares by 37,629.8% in the first quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock worth $444,776,000 after buying an additional 16,387,044 shares in the last quarter. Vanguard Group Inc. boosted its position in Home BancShares by 9.6% in the first quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock worth $300,852,000 after buying an additional 973,217 shares in the last quarter. FMR LLC bought a new position in Home BancShares during the fourth quarter worth approximately $25,987,000. Norges Bank bought a new position in Home BancShares during the fourth quarter worth approximately $25,941,000. Finally, State Street Corp boosted its position in Home BancShares by 4.9% in the first quarter. State Street Corp now owns 4,520,817 shares of the financial services provider’s stock worth $122,383,000 after buying an additional 212,972 shares in the last quarter. 60.24% of the stock is owned by institutional investors and hedge funds.
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).
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