Home BancShares (NASDAQ:HOMB) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

HOMB has been the topic of several other research reports. Piper Jaffray Companies reissued a “neutral” rating and set a $27.00 target price on shares of Home BancShares in a research report on Thursday, October 5th. ValuEngine downgraded shares of Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Stephens reissued an “overweight” rating and set a $28.00 target price (down previously from $29.00) on shares of Home BancShares in a research report on Tuesday, September 12th. Royal Bank of Canada reissued a “hold” rating and set a $28.00 target price on shares of Home BancShares in a research report on Friday, October 20th. 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. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.79.

Shares of Home BancShares (NASDAQ HOMB) opened at $23.53 on Wednesday. The firm has a market cap of $4,038.95, a P/E ratio of 17.23 and a beta of 1.17. Home BancShares has a 12-month low of $20.82 and a 12-month high of $29.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.01 and a current ratio of 1.01.

Home BancShares (NASDAQ:HOMB) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $128.23 million for the quarter, compared to analysts’ expectations 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. equities analysts expect that Home BancShares will post 1.36 earnings per share for the current year.

In other Home BancShares news, Director Jim Rankin acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $21.29 per share, with a total value of $31,935.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 11.27% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. First Bank & Trust purchased a new stake in shares of Home BancShares in the 3rd quarter valued at $117,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Home BancShares by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 379 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Home BancShares by 11.7% in the 2nd quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 554 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Home BancShares by 144.7% in the 3rd quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 4,163 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Home BancShares in the 3rd quarter valued at $201,000. 63.45% of the stock is currently owned by institutional investors and hedge funds.

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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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