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

Zacks Investment Research upgraded shares of Home Bancshares (NASDAQ:HOMB) from a sell rating to a hold rating in a report released on Saturday, Zacks.com reports.

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. “

Several other research analysts have also commented on the company. Stephens reiterated a buy rating and issued a $22.00 target price on shares of Home Bancshares in a research report on Wednesday, December 19th. BidaskClub upgraded Home Bancshares from a strong sell rating to a sell rating in a research report on Monday, January 7th. ValuEngine upgraded Home Bancshares from a strong sell rating to a sell rating in a research report on Friday, February 8th. Finally, Barclays initiated coverage on Home Bancshares in a research report on Monday, February 11th. They issued an equal weight rating and a $21.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $24.86.

Shares of NASDAQ HOMB opened at $18.94 on Friday. Home Bancshares has a fifty-two week low of $15.35 and a fifty-two week high of $24.56. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 10.82 and a beta of 1.14.

Home Bancshares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, January 17th. The financial services provider reported $0.44 earnings per share 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 analyst estimates of $171.60 million. During the same quarter last year, the business earned $0.35 EPS. Equities analysts expect that Home Bancshares will post 1.77 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank bought a new stake in shares of Home Bancshares in the 4th quarter worth approximately $33,000. JOYN Advisors Inc. lifted its holdings in shares of Home Bancshares by 882.1% in the 4th quarter. JOYN Advisors Inc. now owns 2,033 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,826 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Home Bancshares by 22.7% in the 4th quarter. Bessemer Group Inc. now owns 3,650 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 675 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Home Bancshares by 13.9% in the 4th quarter. Advisor Group Inc. now owns 8,956 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 1,096 shares during the last quarter. Finally, Claybrook Capital LLC bought a new stake in shares of Home Bancshares in the 4th quarter worth approximately $175,000. Institutional investors own 67.67% 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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