Analysts Set Home BancShares, Inc. (HOMB) Target Price at $27.75

Shares of Home BancShares, Inc. (NASDAQ:HOMB) have been given an average recommendation of “Hold” by the ten research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $27.75.

Several analysts have issued reports on the company. ValuEngine lowered Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Zacks Investment Research lowered Home BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Piper Jaffray Companies reissued a “neutral” rating and set a $27.00 price target on shares of Home BancShares in a report on Thursday, October 5th. Stephens reissued an “overweight” rating and set a $28.00 price target (down previously from $29.00) on shares of Home BancShares in a report on Tuesday, September 12th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $28.00 price target on shares of Home BancShares in a report on Friday, October 20th.

In other Home BancShares news, Director Jim Rankin acquired 1,337 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average price of $21.45 per share, with a total value of $28,678.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.27% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Bank & Trust bought a new position in shares of Home BancShares in the third quarter worth about $117,000. Oregon Public Employees Retirement Fund bought a new position in Home BancShares during the second quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 buying an additional 379 shares during the last quarter. Advisor Group Inc. boosted its stake 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 buying an additional 554 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Home BancShares by 144.7% during the third quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock valued at $177,000 after buying an additional 4,163 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Home BancShares (HOMB) traded down $0.60 during trading hours on Thursday, reaching $23.48. The company’s stock had a trading volume of 1,377,410 shares, compared to its average volume of 878,970. Home BancShares has a twelve month low of $20.82 and a twelve month high of $29.69. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $4,125.77, a price-to-earnings ratio of 17.60 and a beta of 1.17.

Home BancShares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. The company had revenue of $128.23 million for the quarter, compared to the consensus estimate of $135.55 million. During the same period in the prior year, the firm posted $0.33 EPS. equities analysts anticipate that Home BancShares will post 1.36 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Tuesday, November 14th. Home BancShares’s dividend payout ratio (DPR) is 38.94%.

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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).

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