A number of firms have modified their ratings and price targets on shares of Home BancShares (NASDAQ: HOMB) recently:

  • 7/26/2017 – Home BancShares was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “HOME BANCSHARES, INC. is a bank holding company, headquartered in Conway, Arkansas, with six wholly owned bank subsidiaries that provide a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities. Three of the bank subsidiaries are located in the central Arkansas market area, a fourth serves central and southern Arkansas, a fifth serves Stone County in north central Arkansas, and a sixth serves the Florida Keys and southwestern Florida. “
  • 7/25/2017 – Home BancShares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “HOME BANCSHARES, INC. is a bank holding company, headquartered in Conway, Arkansas, with six wholly owned bank subsidiaries that provide a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities. Three of the bank subsidiaries are located in the central Arkansas market area, a fourth serves central and southern Arkansas, a fifth serves Stone County in north central Arkansas, and a sixth serves the Florida Keys and southwestern Florida. “
  • 7/21/2017 – Home BancShares had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $30.00 price target on the stock.
  • 7/21/2017 – Home BancShares had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $27.00 price target on the stock.
  • 7/12/2017 – Home BancShares was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/7/2017 – Home BancShares was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/26/2017 – Home BancShares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “HOME BANCSHARES, INC. is a bank holding company, headquartered in Conway, Arkansas, with six wholly owned bank subsidiaries that provide a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities. Three of the bank subsidiaries are located in the central Arkansas market area, a fourth serves central and southern Arkansas, a fifth serves Stone County in north central Arkansas, and a sixth serves the Florida Keys and southwestern Florida. “
  • 6/24/2017 – Home BancShares was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/10/2017 – Home BancShares was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Home BancShares, Inc. (HOMB) opened at 25.01 on Wednesday. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 18.73 and a beta of 1.18. The company has a 50-day moving average price of $24.82 and a 200-day moving average price of $25.88. Home BancShares, Inc. has a 12 month low of $19.74 and a 12 month high of $29.69.

Home BancShares (NASDAQ:HOMB) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. The company had revenue of $131.77 million for the quarter, compared to the consensus estimate of $132.18 million. During the same period last year, the business posted $0.31 EPS. On average, analysts expect that Home BancShares, Inc. will post $1.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th will be paid a $0.11 dividend. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Monday, August 14th. Home BancShares’s dividend payout ratio (DPR) is 26.87%.

In related news, insider Tracy French bought 2,300 shares of the stock in a transaction on Friday, May 12th. The shares were bought at an average cost of $23.79 per share, for a total transaction of $54,717.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman John W. Allison bought 15,000 shares of the stock in a transaction on Wednesday, July 26th. The stock was bought at an average price of $25.46 per share, for a total transaction of $381,900.00. Following the completion of the purchase, the chairman now directly owns 4,968,396 shares in the company, valued at approximately $126,495,362.16. The disclosure for this purchase can be found here. Insiders acquired a total of 32,300 shares of company stock worth $806,817 over the last quarter. Company insiders own 11.27% of the company’s stock.

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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