Home Bancshares Inc (NASDAQ:HOMB) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $27.50.

A number of analysts recently issued reports on HOMB shares. Zacks Investment Research upgraded Home Bancshares from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 price objective on shares of Home Bancshares in a research note on Friday, December 22nd. Sandler O’Neill set a $26.00 price objective on Home Bancshares and gave the company a “hold” rating in a research note on Thursday, January 4th. BidaskClub upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $26.00 price objective on shares of Home Bancshares in a research note on Tuesday, January 9th.

In other Home Bancshares news, Director Jim Rankin bought 1,500 shares of Home Bancshares stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average cost of $21.29 per share, for a total transaction of $31,935.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.27% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. First Bank & Trust purchased a new position in Home Bancshares during the third quarter worth about $117,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Home Bancshares by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock worth $120,000 after buying an additional 379 shares in the last quarter. Advisor Group Inc. grew its position in Home Bancshares by 11.7% during the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock worth $132,000 after buying an additional 554 shares in the last quarter. Sei Investments Co. grew its position in Home Bancshares by 144.7% during the third quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock worth $177,000 after buying an additional 4,163 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Home Bancshares during the third quarter worth about $201,000. Institutional investors and hedge funds own 63.53% of the company’s stock.

Shares of Home Bancshares (NASDAQ HOMB) traded up $0.91 on Friday, hitting $24.77. The company’s stock had a trading volume of 1,160,200 shares, compared to its average volume of 986,008. The company has a market capitalization of $4,300.89, a price-to-earnings 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 has a 52-week low of $20.82 and a 52-week high of $29.69.

Home Bancshares (NASDAQ:HOMB) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Home Bancshares had a return on equity of 11.18% and a net margin of 21.79%. The firm had revenue of $164.30 million for the quarter, compared to analyst estimates of $165.40 million. During the same period in the previous year, the company posted $0.35 earnings per share. The business’s revenue was up 28.4% on a year-over-year basis. equities analysts forecast that Home Bancshares will post 1.7 EPS for the current year.

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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).

Analyst Recommendations for Home Bancshares (NASDAQ:HOMB)

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