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.
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).
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