Home BancShares (NASDAQ:HOMB) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other brokerages have also recently issued reports on HOMB. Piper Jaffray Companies restated a “neutral” rating and issued a $27.00 price target on shares of Home BancShares in a research report on Thursday, October 5th. Sandler O’Neill cut Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research report on Friday, October 20th. Royal Bank Of Canada reiterated a “hold” rating and set a $28.00 target price on shares of Home BancShares in a research report on Friday, October 20th. ValuEngine cut Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded Home BancShares from a “sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $27.79.

Home BancShares (NASDAQ:HOMB) opened at $22.61 on Thursday. The stock has a market capitalization of $3,950.39, a PE ratio of 16.85 and a beta of 1.17. Home BancShares has a 52-week low of $20.82 and a 52-week high of $29.69. 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 (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The company had revenue of $128.23 million during the quarter, compared to analyst estimates of $135.55 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. During the same quarter last year, the firm earned $0.33 EPS. equities analysts expect that Home BancShares will post 1.36 earnings per share for the current fiscal year.

In other news, Director Jim Rankin purchased 1,337 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $21.45 per share, for a total transaction of $28,678.65. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 11.27% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in shares of Home BancShares by 34.9% in the 2nd quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock worth $151,902,000 after acquiring an additional 1,579,605 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Home BancShares by 39.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock worth $107,318,000 after acquiring an additional 1,206,395 shares during the period. Northern Trust Corp grew its holdings in shares of Home BancShares by 19.6% in the 2nd quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after acquiring an additional 569,061 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Home BancShares by 7.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,259,933 shares of the financial services provider’s stock worth $56,272,000 after acquiring an additional 166,283 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Home BancShares by 23.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,871,089 shares of the financial services provider’s stock worth $47,190,000 after acquiring an additional 354,880 shares during the period. Institutional investors and hedge funds 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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