Home Bancshares Inc (HOMB) Receives $30.50 Average PT from Analysts
Home Bancshares Inc (NASDAQ:HOMB) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the firm. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $30.50.
Several research firms have recently commented on HOMB. Stephens restated a “buy” rating on shares of Home Bancshares in a report on Thursday. Keefe, Bruyette & Woods lowered shares of Home Bancshares from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 31st. Sandler O’Neill upgraded shares of Home Bancshares from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, January 24th. Finally, Zacks Investment Research upgraded shares of Home Bancshares from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Wednesday, January 4th.
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A number of hedge funds have recently added to or reduced their stakes in HOMB. Bank of New York Mellon Corp increased its stake in Home Bancshares by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 2,099,179 shares of the financial services provider’s stock valued at $43,684,000 after buying an additional 40,191 shares in the last quarter. BlackRock Group LTD increased its stake in Home Bancshares by 241.4% in the third quarter. BlackRock Group LTD now owns 605,628 shares of the financial services provider’s stock valued at $12,604,000 after buying an additional 428,244 shares in the last quarter. Guggenheim Capital LLC increased its stake in Home Bancshares by 11.7% in the fourth quarter. Guggenheim Capital LLC now owns 146,981 shares of the financial services provider’s stock valued at $4,082,000 after buying an additional 15,451 shares in the last quarter. Stephens Inc. AR increased its stake in Home Bancshares by 105.9% in the third quarter. Stephens Inc. AR now owns 713,473 shares of the financial services provider’s stock valued at $14,847,000 after buying an additional 366,886 shares in the last quarter. Finally, Norges Bank acquired a new stake in Home Bancshares during the fourth quarter valued at approximately $25,941,000. 61.18% of the stock is currently owned by institutional investors.
Shares of Home Bancshares (NASDAQ:HOMB) traded up 2.69% during trading on Monday, hitting $25.96. 546,739 shares of the stock traded hands. Home Bancshares has a 12 month low of $18.32 and a 12 month high of $29.69. The firm’s 50-day moving average price is $27.05 and its 200-day moving average price is $25.83. The stock has a market cap of $3.72 billion, a PE ratio of 20.60 and a beta of 1.08.
Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. Home Bancshares had a net margin of 33.83% and a return on equity of 13.93%. The company earned $141 million during the quarter, compared to analyst estimates of $131.04 million. During the same quarter last year, the business posted $0.59 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts anticipate that Home Bancshares will post $1.39 EPS for the current year.
About Home Bancshares
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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