Home BancShares, Inc. (NASDAQ:HOMB) Stock Rating Reaffirmed by Piper Jaffray Companies

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).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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