Piper Jaffray Companies reaffirmed their hold rating on shares of Home BancShares (NASDAQ:HOMB) in a research note issued to investors on Tuesday morning. The firm currently has a $26.00 price objective on the financial services provider’s stock.

HOMB has been the topic of a number of other reports. BidaskClub downgraded shares of Home BancShares from a hold rating to a sell rating in a research note on Friday, January 5th. Keefe, Bruyette & Woods reiterated a buy rating and set a $30.00 price objective on shares of Home BancShares in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of Home BancShares from a sell rating to a hold rating in a research note on Tuesday, December 5th. Royal Bank of Canada reiterated a hold rating and set a $28.00 price objective on shares of Home BancShares in a research note on Friday, October 20th. Finally, Stephens reiterated an overweight rating and set a $28.00 price objective (down from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $27.50.

Home BancShares (NASDAQ:HOMB) traded up $0.29 during midday trading on Tuesday, hitting $25.01. 864,885 shares of the stock were exchanged, compared to its average volume of 890,789. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.64. Home BancShares has a 1 year low of $20.82 and a 1 year high of $29.69. The company has a market capitalization of $4,370.00, a P/E ratio of 22.33 and a beta of 1.18.

Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. The business had revenue of $128.23 million for the quarter, compared to the consensus estimate of $135.55 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. equities research analysts expect that Home BancShares will post 1.36 earnings per share for the current year.

In other news, Director Jim Rankin bought 1,500 shares of the stock in a transaction on Wednesday, November 8th. The stock was bought at an average cost of $21.29 per share, for a total transaction of $31,935.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.27% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp boosted its stake in Home BancShares by 34.9% in the second quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock valued at $151,902,000 after acquiring an additional 1,579,605 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Home BancShares by 39.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock valued at $107,318,000 after acquiring an additional 1,206,395 shares in the last quarter. Northern Trust Corp boosted its stake in Home BancShares by 19.6% in the second quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock valued at $86,419,000 after acquiring an additional 569,061 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Home BancShares by 7.9% in the second quarter. Goldman Sachs Group Inc. now owns 2,259,933 shares of the financial services provider’s stock valued at $56,272,000 after acquiring an additional 166,283 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Home BancShares by 23.4% in the third quarter. Bank of New York Mellon Corp now owns 1,871,089 shares of the financial services provider’s stock valued at $47,190,000 after acquiring an additional 354,880 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

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About Home BancShares

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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