Home Bancshares (HOMB) Raised to “Buy” at BidaskClub

Home Bancshares (NASDAQ:HOMB) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.

Other research analysts also recently issued reports about the company. Stephens reissued a “buy” rating and issued a $22.00 price target on shares of Home Bancshares in a report on Wednesday, December 19th. Piper Jaffray Companies set a $25.00 price target on Home Bancshares and gave the company a “buy” rating in a report on Monday, November 26th. TheStreet downgraded Home Bancshares from a “b-” rating to a “c+” rating in a report on Monday, October 29th. Barclays initiated coverage on Home Bancshares in a research report on Monday, February 11th. They issued an “equal weight” rating and a $21.00 price objective for the company. Finally, Zacks Investment Research upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, December 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $24.86.

Shares of NASDAQ:HOMB opened at $20.22 on Friday. Home Bancshares has a 12-month low of $15.35 and a 12-month high of $25.23. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 11.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.04.

Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). Home Bancshares had a net margin of 38.11% and a return on equity of 13.21%. The company had revenue of $163.79 million during the quarter, compared to analyst estimates of $171.60 million. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, sell-side analysts anticipate that Home Bancshares will post 1.78 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Amalgamated Bank increased its position in shares of Home Bancshares by 16.0% in the fourth quarter. Amalgamated Bank now owns 23,240 shares of the financial services provider’s stock valued at $380,000 after buying an additional 3,198 shares in the last quarter. Millennium Management LLC increased its position in shares of Home Bancshares by 72.7% in the fourth quarter. Millennium Management LLC now owns 221,248 shares of the financial services provider’s stock valued at $3,615,000 after buying an additional 93,122 shares in the last quarter. Legal & General Group Plc increased its position in shares of Home Bancshares by 7.4% in the fourth quarter. Legal & General Group Plc now owns 165,911 shares of the financial services provider’s stock valued at $2,711,000 after buying an additional 11,391 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Home Bancshares by 7.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 40,808 shares of the financial services provider’s stock valued at $667,000 after buying an additional 2,750 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Home Bancshares in the fourth quarter valued at approximately $624,000. Institutional investors and hedge funds own 66.16% 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, 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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