ValuEngine lowered shares of Home Bancshares (NASDAQ:HOMB) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Home Bancshares from a sell rating to a buy rating and set a $26.00 price target on the stock in a research report on Saturday, July 7th. BidaskClub upgraded shares of Home Bancshares from a sell rating to a hold rating in a research report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Home Bancshares currently has a consensus rating of Buy and an average target price of $27.14.

HOMB traded down $0.77 on Wednesday, hitting $19.32. 3,305,495 shares of the company were exchanged, compared to its average volume of 965,215. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. Home Bancshares has a fifty-two week low of $18.65 and a fifty-two week high of $25.38. The firm has a market capitalization of $3.51 billion, a P/E ratio of 14.31 and a beta of 1.11.

Home Bancshares (NASDAQ:HOMB) last issued its earnings results on Thursday, October 18th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. Home Bancshares had a net margin of 32.68% and a return on equity of 12.73%. The company had revenue of $171.76 million for the quarter, compared to analyst estimates of $171.67 million. During the same period in the prior year, the business posted $0.10 earnings per share. Analysts predict that Home Bancshares will post 1.77 EPS for the current year.

In other news, insider Jennifer C. Floyd sold 2,000 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $23.88, for a total value of $47,760.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 9.15% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Home Bancshares by 5.8% in the second quarter. BlackRock Inc. now owns 18,236,202 shares of the financial services provider’s stock valued at $411,409,000 after purchasing an additional 1,006,179 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Home Bancshares by 2.9% during the second quarter. Glenmede Trust Co. NA now owns 2,238,798 shares of the financial services provider’s stock valued at $50,508,000 after buying an additional 64,148 shares during the period. American Century Companies Inc. lifted its stake in shares of Home Bancshares by 41.3% during the second quarter. American Century Companies Inc. now owns 2,100,845 shares of the financial services provider’s stock valued at $47,395,000 after buying an additional 614,094 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Home Bancshares by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 1,891,098 shares of the financial services provider’s stock valued at $42,664,000 after buying an additional 31,983 shares during the period. Finally, Barr E S & Co. lifted its stake in shares of Home Bancshares by 8.0% during the second quarter. Barr E S & Co. now owns 1,765,471 shares of the financial services provider’s stock valued at $39,829,000 after buying an additional 130,683 shares during the period. Institutional investors and hedge funds own 64.43% of the company’s stock.

Home Bancshares Company Profile

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, and money market accounts, as well as certificates of deposit.

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Analyst Recommendations for Home Bancshares (NASDAQ:HOMB)

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