Home Bancshares (HOMB) Stock Rating Upgraded by ValuEngine

Home Bancshares (NASDAQ:HOMB) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday.

HOMB has been the subject of a number of other reports. Citigroup began coverage on shares of Home Bancshares in a research note on Monday, June 18th. They set a “buy” rating and a $28.00 price target for the company. BidaskClub cut shares of Home Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, June 15th. Finally, Zacks Investment Research cut shares of Home Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Home Bancshares has an average rating of “Buy” and a consensus price target of $27.43.

Shares of HOMB stock traded up $0.11 during trading hours on Friday, reaching $23.55. 368,000 shares of the stock were exchanged, compared to its average volume of 750,442. Home Bancshares has a 12-month low of $20.82 and a 12-month high of $25.89. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock has a market cap of $4.10 billion, a PE ratio of 17.44 and a beta of 1.17.

Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. Home Bancshares had a net margin of 26.27% and a return on equity of 11.41%. The firm had revenue of $166.29 million during the quarter, compared to analysts’ expectations of $167.50 million. During the same period in the previous year, the company earned $0.35 EPS. sell-side analysts forecast that Home Bancshares will post 1.77 EPS for the current year.

In other Home Bancshares news, insider Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $23.88, for a total value of $47,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.15% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its position in Home Bancshares by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 109,535 shares of the financial services provider’s stock valued at $2,471,000 after buying an additional 2,551 shares during the period. Suffolk Capital Management LLC boosted its position in Home Bancshares by 7.0% in the 2nd quarter. Suffolk Capital Management LLC now owns 39,788 shares of the financial services provider’s stock valued at $898,000 after buying an additional 2,611 shares during the period. Aperio Group LLC boosted its position in Home Bancshares by 8.5% in the 1st quarter. Aperio Group LLC now owns 37,187 shares of the financial services provider’s stock valued at $848,000 after buying an additional 2,905 shares during the period. Great West Life Assurance Co. Can boosted its position in Home Bancshares by 3.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 95,274 shares of the financial services provider’s stock valued at $2,174,000 after buying an additional 3,098 shares during the period. Finally, MetLife Investment Advisors LLC boosted its position in Home Bancshares by 2.1% in the 2nd quarter. MetLife Investment Advisors LLC now owns 171,942 shares of the financial services provider’s stock valued at $3,879,000 after buying an additional 3,497 shares during the period. 64.36% of the stock is owned by institutional investors.

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, and money market accounts, as well as certificates of deposit.

Read More: Book Value Of Equity Per Share – BVPS Explained

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Home Bancshares (NASDAQ:HOMB)

Receive News & Ratings for Home Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply