Home Bancshares Inc (HOMB) Receives $27.50 Consensus Target Price from Brokerages
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.
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).
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