Analysts Set Home Bancshares Inc (NASDAQ:HOMB) Target Price at $23.00

Shares of Home Bancshares Inc (NASDAQ:HOMB) have been assigned an average rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $23.00.

HOMB has been the topic of a number of research reports. Zacks Investment Research raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a report on Friday, September 13th. Piper Jaffray Companies set a $22.00 target price on shares of Home Bancshares and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, TheStreet raised shares of Home Bancshares from a “c+” rating to a “b-” rating in a report on Friday, July 26th.

Shares of NASDAQ:HOMB opened at $18.64 on Monday. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 10.65 and a beta of 1.22. Home Bancshares has a 1-year low of $15.35 and a 1-year high of $21.20. The company’s fifty day moving average is $18.31 and its two-hundred day moving average is $18.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.00 and a current ratio of 1.00.

Home Bancshares (NASDAQ:HOMB) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.43 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.43. The company had revenue of $164.05 million for the quarter, compared to analysts’ expectations of $166.83 million. Home Bancshares had a net margin of 36.19% and a return on equity of 12.64%. During the same period in the prior year, the company earned $0.44 earnings per share. Sell-side analysts expect that Home Bancshares will post 1.72 EPS for the current fiscal year.

In other news, Director Jim Rankin sold 10,000 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $19.32, for a total transaction of $193,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Russell Davis Carter III sold 7,500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $18.94, for a total transaction of $142,050.00. The disclosure for this sale can be found here. Insiders have sold 63,719 shares of company stock valued at $1,219,031 in the last 90 days. Insiders own 8.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Home Bancshares by 0.3% during the second quarter. BlackRock Inc. now owns 20,080,678 shares of the financial services provider’s stock worth $386,754,000 after acquiring an additional 59,522 shares during the last quarter. Northern Trust Corp grew its position in Home Bancshares by 46.0% in the 2nd quarter. Northern Trust Corp now owns 3,581,175 shares of the financial services provider’s stock valued at $68,973,000 after buying an additional 1,128,511 shares in the last quarter. Barr E S & Co. grew its position in Home Bancshares by 22.1% in the 2nd quarter. Barr E S & Co. now owns 2,426,357 shares of the financial services provider’s stock valued at $46,732,000 after buying an additional 439,844 shares in the last quarter. Bank of New York Mellon Corp grew its position in Home Bancshares by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,977,844 shares of the financial services provider’s stock valued at $38,093,000 after buying an additional 8,644 shares in the last quarter. Finally, Copeland Capital Management LLC grew its position in Home Bancshares by 46.1% in the 2nd quarter. Copeland Capital Management LLC now owns 1,523,783 shares of the financial services provider’s stock valued at $29,349,000 after buying an additional 481,025 shares in the last quarter. Institutional investors and hedge funds own 65.75% of the company’s stock.

About Home Bancshares

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, demand, and money market accounts, as well as certificates of deposit.

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