Home BancShares (HOMB) Downgraded by BidaskClub to Sell

BidaskClub downgraded shares of Home BancShares (NASDAQ:HOMB) from a hold rating to a sell rating in a research report sent to investors on Friday.

A number of other research firms have also recently commented on HOMB. Sandler O’Neill set a $26.00 target price on Home BancShares and gave the company a hold rating in a research note on Thursday. Zacks Investment Research raised Home BancShares from a hold rating to a buy rating and set a $26.00 target price on the stock in a research note on Tuesday, December 26th. Stephens reissued an overweight rating and issued a $28.00 target price (down previously from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Royal Bank of Canada reissued a hold rating and issued a $28.00 target price on shares of Home BancShares in a research note on Friday, October 20th. Finally, Keefe, Bruyette & Woods reissued a buy rating and issued a $30.00 target price on shares of Home BancShares in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Home BancShares presently has an average rating of Hold and a consensus price target of $27.36.

Home BancShares (HOMB) traded up $0.39 on Friday, reaching $23.51. The company had a trading volume of 920,756 shares, compared to its average volume of 1,357,517. The company has a market capitalization of $4,014.64, a PE ratio of 20.81 and a beta of 1.17. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.64. Home BancShares has a 1-year low of $20.82 and a 1-year high of $29.69.

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

In other Home BancShares news, Director Jim Rankin purchased 1,337 shares of the business’s stock in a transaction on Friday, November 10th. The stock was acquired at an average cost of $21.45 per share, for a total transaction of $28,678.65. The transaction 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.

Several institutional investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Home BancShares by 34.9% during the second quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock worth $151,902,000 after purchasing an additional 1,579,605 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Home BancShares by 39.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock worth $107,318,000 after purchasing an additional 1,206,395 shares during the period. Northern Trust Corp boosted its holdings in shares of Home BancShares by 19.6% during the second quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after purchasing an additional 569,061 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Home BancShares by 7.9% during the second quarter. Goldman Sachs Group Inc. now owns 2,259,933 shares of the financial services provider’s stock worth $56,272,000 after purchasing an additional 166,283 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Home BancShares by 23.4% during the third quarter. Bank of New York Mellon Corp now owns 1,871,089 shares of the financial services provider’s stock worth $47,190,000 after purchasing an additional 354,880 shares during the period. Institutional investors own 63.45% of the company’s stock.

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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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