Home BancShares (HOMB) Rating Increased to Hold at BidaskClub
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.
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).
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