Piper Jaffray Companies reaffirmed their hold rating on shares of Home Bancshares (NASDAQ:HOMB) in a research report report published on Tuesday, January 9th. Piper Jaffray Companies currently has a $26.00 price objective on the financial services provider’s stock.
HOMB has been the subject of several other reports. BidaskClub downgraded Home Bancshares from a hold rating to a sell rating in a research report on Friday, January 5th. Keefe, Bruyette & Woods reiterated a buy rating and set a $30.00 target price on shares of Home Bancshares in a research report on Friday, December 22nd. Zacks Investment Research upgraded Home Bancshares from a sell rating to a hold rating in a research note on Tuesday, December 5th. Royal Bank of Canada restated a hold rating and set a $28.00 price target on shares of Home Bancshares in a research note on Friday, October 20th. Finally, Stephens restated an overweight rating and set a $28.00 price target (down previously from $29.00) on shares of Home Bancshares in a research note on Tuesday, September 12th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Home Bancshares has an average rating of Hold and an average price target of $27.50.
Home Bancshares (HOMB) traded up $0.91 during trading hours on Tuesday, hitting $24.77. The stock had a trading volume of 1,160,257 shares, compared to its average volume of 756,692. Home Bancshares has a fifty-two week low of $20.82 and a fifty-two week high of $29.69. The company has a market capitalization of $4,143.14, a P/E ratio of 27.22 and a beta of 1.17. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.03.
Home Bancshares (NASDAQ:HOMB) last released its earnings results on Thursday, January 18th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Home Bancshares had a return on equity of 4.24% and a net margin of 14.19%. The business had revenue of $164.30 million during the quarter, compared to the consensus estimate of $165.40 million. During the same period last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 28.4% compared to the same quarter last year. analysts forecast that Home Bancshares will post 1.7 EPS for the current fiscal year.
In other news, Director Jim Rankin purchased 1,500 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of $21.29 per share, for a total transaction of $31,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.27% of the company’s stock.
Several institutional investors have recently made changes to their positions in HOMB. State Street Corp grew its stake in Home Bancshares by 34.9% in the second quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock valued at $151,902,000 after purchasing an additional 1,579,605 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Home Bancshares by 39.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock valued at $107,318,000 after purchasing an additional 1,206,395 shares during the last quarter. Northern Trust Corp grew its stake in Home Bancshares by 19.6% in the second quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock valued at $86,419,000 after purchasing an additional 569,061 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Home Bancshares by 7.9% in the second quarter. Goldman Sachs Group Inc. now owns 2,259,933 shares of the financial services provider’s stock valued at $56,272,000 after purchasing an additional 166,283 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Home Bancshares by 23.4% in the third quarter. Bank of New York Mellon Corp now owns 1,871,089 shares of the financial services provider’s stock valued at $47,190,000 after purchasing an additional 354,880 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.
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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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