Zacks Investment Research upgraded shares of Home Bancshares (NASDAQ:HOMB) from a sell rating to a hold rating in a report published on Saturday, Zacks.com reports.

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. “

A number of other research firms also recently commented on HOMB. ValuEngine upgraded Home Bancshares from a strong sell rating to a sell rating in a report on Friday, February 8th. BidaskClub upgraded Home Bancshares from a sell rating to a hold rating in a report on Tuesday, January 15th. Stephens restated a buy rating and issued a $22.00 price objective on shares of Home Bancshares in a report on Monday, March 18th. Finally, Barclays started coverage on Home Bancshares in a report on Monday, February 11th. They issued an equal weight rating and a $21.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $24.86.

NASDAQ HOMB opened at $18.55 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $3.16 billion, a PE ratio of 10.60 and a beta of 1.14. Home Bancshares has a 52-week low of $15.35 and a 52-week high of $24.56.

Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, January 17th. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Home Bancshares had a return on equity of 13.21% and a net margin of 38.11%. The firm had revenue of $163.79 million during the quarter, compared to analyst estimates of $171.60 million. During the same quarter in the prior year, the company posted $0.35 EPS. Sell-side analysts predict that Home Bancshares will post 1.77 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. TIAA FSB acquired a new position in Home Bancshares during the first quarter valued at approximately $429,000. State of Alaska Department of Revenue grew its holdings in Home Bancshares by 5.1% during the first quarter. State of Alaska Department of Revenue now owns 23,167 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 1,119 shares during the last quarter. Tibra Equities Europe Ltd acquired a new position in Home Bancshares during the first quarter valued at approximately $255,000. American Century Companies Inc. grew its holdings in Home Bancshares by 25.7% during the fourth quarter. American Century Companies Inc. now owns 2,782,067 shares of the financial services provider’s stock valued at $45,459,000 after purchasing an additional 568,791 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Home Bancshares by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 1,859,740 shares of the financial services provider’s stock valued at $30,388,000 after purchasing an additional 147,014 shares during the last quarter. Institutional investors own 67.67% of the company’s stock.

About Home Bancshares

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, demand, and money market accounts, as well as certificates of deposit.

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Analyst Recommendations for Home Bancshares (NASDAQ:HOMB)

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