Sandler O’Neill Reiterates “$26.00” Price Target for Home BancShares (HOMB)

Home BancShares (NASDAQ:HOMB) received a $26.00 price target from stock analysts at Sandler O’Neill in a report issued on Thursday, January 4th. The firm presently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s target price points to a potential upside of 5.18% from the stock’s previous close.

Several other equities research analysts have also commented on HOMB. BidaskClub upgraded Home BancShares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $30.00 target price on shares of Home BancShares in a research note on Friday, December 22nd. Zacks Investment Research upgraded Home BancShares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $27.00 target price on shares of Home BancShares in a research note on Thursday, October 5th. Finally, Stephens reiterated an “overweight” rating and issued a $28.00 target price (down previously from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $27.50.

Shares of Home BancShares (NASDAQ:HOMB) traded up $0.48 during trading hours on Thursday, reaching $24.72. The company’s stock had a trading volume of 752,300 shares, compared to its average volume of 894,037. The firm has a market capitalization of $4,370.00, a price-to-earnings ratio of 22.07 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 1.01. Home BancShares has a 12 month low of $20.82 and a 12 month high of $29.69.

Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $128.23 million for the quarter, compared to analyst estimates of $135.55 million. Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. During the same quarter in the prior year, the company earned $0.33 earnings per share. research analysts predict that Home BancShares will post 1.36 EPS for the current year.

In related news, Director Jim Rankin bought 1,337 shares of the stock in a transaction dated Friday, November 10th. The stock was acquired at an average price of $21.45 per share, for a total transaction of $28,678.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.27% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HOMB. Schwab Charles Investment Management Inc. grew its stake in Home BancShares by 9.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 617,290 shares of the financial services provider’s stock valued at $15,371,000 after purchasing an additional 52,628 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Home BancShares during the 2nd quarter valued at approximately $222,000. Federated Investors Inc. PA grew its stake in Home BancShares by 3,057.8% during the 2nd quarter. Federated Investors Inc. PA now owns 67,008 shares of the financial services provider’s stock valued at $1,669,000 after purchasing an additional 64,886 shares in the last quarter. Pacer Advisors Inc. grew its stake in Home BancShares by 0.6% during the 2nd quarter. Pacer Advisors Inc. now owns 17,158 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 100 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Home BancShares by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 379 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

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Home BancShares Company Profile

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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