Home Bancshares (HOMB) Upgraded to Hold at Zacks Investment Research

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

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. “

Other research analysts have also recently issued research reports about the stock. Stephens restated a buy rating and issued a $22.00 target price on shares of Home Bancshares in a report on Wednesday, December 19th. Piper Jaffray Companies set a $25.00 target price on shares of Home Bancshares and gave the stock a buy rating in a report on Monday, November 26th. BidaskClub upgraded shares of Home Bancshares from a hold rating to a buy rating in a report on Friday, February 22nd. Barclays initiated coverage on shares of Home Bancshares in a report on Monday, February 11th. They issued an equal weight rating and a $21.00 target price on the stock. Finally, ValuEngine upgraded shares of Home Bancshares from a strong sell rating to a sell rating in a report on Friday, February 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $24.86.

Shares of NASDAQ HOMB opened at $19.01 on Thursday. Home Bancshares has a one year low of $15.35 and a one year high of $25.00. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 10.86 and a beta of 1.16.

Home Bancshares (NASDAQ:HOMB) last issued its quarterly earnings results 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 net margin of 38.11% and a return on equity of 13.21%. The business had revenue of $163.79 million for the quarter, compared to the consensus estimate of $171.60 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. As a group, sell-side analysts predict that Home Bancshares will post 1.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 13th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Tuesday, February 12th. Home Bancshares’s dividend payout ratio is 27.43%.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Home Bancshares by 6.4% in the fourth quarter. BlackRock Inc. now owns 19,800,521 shares of the financial services provider’s stock valued at $323,539,000 after acquiring an additional 1,188,337 shares in the last quarter. Vanguard Group Inc boosted its holdings in Home Bancshares by 2.4% in the third quarter. Vanguard Group Inc now owns 14,184,341 shares of the financial services provider’s stock valued at $310,638,000 after acquiring an additional 328,468 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Home Bancshares by 2.4% in the third quarter. Vanguard Group Inc. now owns 14,184,341 shares of the financial services provider’s stock valued at $310,638,000 after acquiring an additional 328,468 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Home Bancshares by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,929,353 shares of the financial services provider’s stock valued at $64,206,000 after acquiring an additional 230,871 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Home Bancshares by 25.7% in 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 acquiring an additional 568,791 shares in the last quarter. Institutional investors and hedge funds own 65.55% of the company’s stock.

Home Bancshares Company Profile

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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