ValuEngine upgraded shares of Home Bancshares (NASDAQ:HOMB) from a strong sell rating to a sell rating in a research report report published on Friday, ValuEngine reports.

Several other research analysts have also recently issued reports on HOMB. Zacks Investment Research cut shares of Home Bancshares from a hold rating to a sell rating in a report on Tuesday, April 2nd. BidaskClub upgraded shares of Home Bancshares from a sell rating to a hold rating in a report on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $24.00.

Shares of Home Bancshares stock opened at $18.58 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. Home Bancshares has a 1 year low of $15.35 and a 1 year high of $24.56. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 10.62 and a beta of 1.14.

Home Bancshares (NASDAQ:HOMB) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Home Bancshares had a net margin of 37.12% and a return on equity of 12.95%. The company had revenue of $163.14 million for the quarter, compared to analysts’ expectations of $163.93 million. During the same period in the prior year, the business earned $0.42 EPS. As a group, equities research analysts forecast that Home Bancshares will post 1.77 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in HOMB. Horan Capital Advisors LLC. bought a new stake in shares of Home Bancshares in the 1st quarter valued at about $26,000. Toronto Dominion Bank bought a new stake in shares of Home Bancshares in the 4th quarter valued at about $33,000. JOYN Advisors Inc. boosted its holdings in shares of Home Bancshares by 882.1% in the 4th quarter. JOYN Advisors Inc. now owns 2,033 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,826 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Home Bancshares by 22.7% in the 4th quarter. Bessemer Group Inc. now owns 3,650 shares of the financial services provider’s stock valued at $60,000 after buying an additional 675 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Home Bancshares by 1,589.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,049,649 shares of the financial services provider’s stock valued at $64,000 after buying an additional 987,531 shares in the last quarter. Institutional investors and hedge funds own 67.67% 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.

Featured Story: Why does the United States have a lingering trade deficit?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Home Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.