BidaskClub downgraded shares of Home BancShares, Inc. (NASDAQ:HOMB) from a sell rating to a strong sell rating in a research note published on Wednesday morning.

A number of other research firms have also recently issued reports on HOMB. Merion Capital Group restated a neutral rating and set a $28.50 target price on shares of Home BancShares in a research note on Monday, April 24th. Stephens restated a buy rating on shares of Home BancShares in a research note on Thursday, April 20th. ValuEngine upgraded shares of Home BancShares from a hold rating to a buy rating in a research note on Friday, July 7th. Zacks Investment Research upgraded shares of Home BancShares from a sell rating to a hold rating in a research note on Monday, June 26th. Finally, Keefe, Bruyette & Woods upgraded shares of Home BancShares from a market perform rating to an outperform rating and set a $23.00 target price for the company in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $28.13.

Home BancShares (HOMB) opened at 24.54 on Wednesday. The stock’s 50 day moving average is $24.38 and its 200 day moving average is $26.36. The company has a market cap of $3.52 billion, a P/E ratio of 18.92 and a beta of 1.19. Home BancShares has a 12-month low of $19.74 and a 12-month high of $29.69.

Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, April 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $141 million during the quarter, compared to analysts’ expectations of $131.04 million. Home BancShares had a net margin of 33.82% and a return on equity of 13.81%. Home BancShares’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. On average, equities analysts forecast that Home BancShares will post $1.37 earnings per share for the current year.

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In related news, insider Jim F. Haynes, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $25.50, for a total transaction of $38,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tracy French purchased 2,300 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were acquired at an average cost of $23.79 per share, for a total transaction of $54,717.00. The disclosure for this purchase can be found here. 11.27% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund acquired a new position in Home BancShares during the second quarter worth approximately $119,000. Horrell Capital Management Inc. raised its position in Home BancShares by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 111,764 shares of the financial services provider’s stock worth $2,783,000 after buying an additional 2,724 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Home BancShares during the second quarter worth approximately $443,000. Piedmont Investment Advisors LLC acquired a new position in Home BancShares during the first quarter worth approximately $204,000. Finally, Public Employees Retirement System of Ohio raised its position in Home BancShares by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 39,457 shares of the financial services provider’s stock worth $1,068,000 after buying an additional 5,505 shares in the last quarter. 60.24% of the stock is currently owned by institutional investors and hedge funds.

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).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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