Home BancShares, Inc. (HOMB) Cut to Strong Sell at BidaskClub
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.
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).
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