Home BancShares Inc. (NASDAQ:HOMB) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $22.75.

Several brokerages have commented on HOMB. Zacks Investment Research upgraded shares of Home BancShares from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, July 25th. Sandler O’Neill cut shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a report on Tuesday, September 13th.

Shares of Home BancShares (NASDAQ:HOMB) opened at 20.44 on Monday. Home BancShares has a 52-week low of $16.93 and a 52-week high of $23.75. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 18.09 and a beta of 0.96. The stock has a 50 day moving average of $22.00 and a 200 day moving average of $21.18.

Home BancShares (NASDAQ:HOMB) last announced its earnings results on Thursday, July 21st. The financial services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. Home BancShares had a net margin of 32.13% and a return on equity of 13.43%. During the same period in the previous year, the business earned $0.50 earnings per share. Equities analysts predict that Home BancShares will post $1.23 EPS for the current fiscal year.

In related news, insider Jim F. Haynes, Jr. sold 3,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $21.47, for a total transaction of $69,777.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tracy French sold 96,000 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $23.38, for a total transaction of $2,244,480.00. The disclosure for this sale can be found here. Corporate insiders own 15.02% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. M&T Bank Corp raised its position in shares of Home BancShares by 2.8% in the first quarter. M&T Bank Corp now owns 5,419 shares of the financial services provider’s stock valued at $222,000 after buying an additional 149 shares during the last quarter. Clinton Group Inc. raised its position in shares of Home BancShares by 4.2% in the second quarter. Clinton Group Inc. now owns 18,915 shares of the financial services provider’s stock valued at $374,000 after buying an additional 769 shares during the last quarter. Glenmede Trust Co. NA raised its position in shares of Home BancShares by 8.8% in the second quarter. Glenmede Trust Co. NA now owns 12,242 shares of the financial services provider’s stock valued at $241,000 after buying an additional 994 shares during the last quarter. Aperio Group LLC raised its position in shares of Home BancShares by 10.6% in the first quarter. Aperio Group LLC now owns 10,925 shares of the financial services provider’s stock valued at $447,000 after buying an additional 1,050 shares during the last quarter. Finally, Menta Capital LLC raised its position in shares of Home BancShares by 9.4% in the first quarter. Menta Capital LLC now owns 12,800 shares of the financial services provider’s stock valued at $524,000 after buying an additional 1,100 shares during the last quarter. 58.69% of the stock is currently owned by hedge funds and other institutional investors.

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).

5 Day Chart for NASDAQ:HOMB

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