Piper Jaffray Companies reaffirmed their hold rating on shares of Home BancShares (NASDAQ:HOMB) in a report released on Tuesday morning. They currently have a $26.00 price objective on the financial services provider’s stock.

Several other brokerages have also commented on HOMB. Sandler O’Neill lowered shares of Home BancShares from a buy rating to a hold rating and set a $27.00 price objective on the stock. in a research report on Friday, October 20th. Royal Bank of Canada reaffirmed a hold rating and issued a $28.00 price objective on shares of Home BancShares in a research report on Friday, October 20th. BidaskClub raised shares of Home BancShares from a sell rating to a hold rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $30.00 price objective on shares of Home BancShares in a research report on Friday, December 22nd. Finally, Zacks Investment Research raised shares of Home BancShares from a sell rating to a hold rating in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $27.50.

Shares of Home BancShares (NASDAQ HOMB) traded up $0.39 during mid-day trading on Tuesday, reaching $24.24. 715,721 shares of the company’s stock traded hands, compared to its average volume of 914,286. The company has a market capitalization of $4,260.00, a price-to-earnings ratio of 21.64 and a beta of 1.18. 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 twelve month low of $20.82 and a twelve month high of $29.69.

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of HOMB. First Bank & Trust bought a new stake in shares of Home BancShares in the third quarter valued at approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Home BancShares by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 379 shares during the period. Advisor Group Inc. raised its position in shares of Home BancShares by 11.7% in the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 554 shares during the period. Sei Investments Co. raised its position in shares of Home BancShares by 144.7% in the third quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 4,163 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Home BancShares in the third quarter valued at approximately $201,000. 63.46% of the stock is currently owned by institutional investors.

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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).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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