Home Bancshares (HOMB) Rating Increased to Sell at ValuEngine

Home Bancshares (NASDAQ:HOMB) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Home Bancshares from a “buy” rating to a “hold” rating in a research report on Monday, September 3rd. BidaskClub downgraded shares of Home Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Finally, Citigroup initiated coverage on shares of Home Bancshares in a research report on Monday, June 18th. They set a “buy” rating and a $28.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.17.

Shares of NASDAQ:HOMB opened at $20.30 on Thursday. The company has a market cap of $3.83 billion, a PE ratio of 15.04 and a beta of 1.11. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. Home Bancshares has a twelve month low of $19.83 and a twelve month high of $25.89.

Home Bancshares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $166.29 million during the quarter, compared to the consensus estimate of $167.50 million. Home Bancshares had a net margin of 26.27% and a return on equity of 11.41%. During the same quarter in the previous year, the firm earned $0.35 EPS. On average, equities research analysts forecast that Home Bancshares will post 1.77 EPS for the current year.

In other news, insider Jennifer C. Floyd sold 2,000 shares of Home Bancshares stock in a transaction on Friday, August 24th. The shares were sold at an average price of $23.88, for a total value of $47,760.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 9.15% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in shares of Home Bancshares by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 109,535 shares of the financial services provider’s stock valued at $2,471,000 after acquiring an additional 2,551 shares during the period. Suffolk Capital Management LLC increased its holdings in shares of Home Bancshares by 7.0% in the 2nd quarter. Suffolk Capital Management LLC now owns 39,788 shares of the financial services provider’s stock valued at $898,000 after acquiring an additional 2,611 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Home Bancshares by 3.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 95,274 shares of the financial services provider’s stock valued at $2,174,000 after acquiring an additional 3,098 shares during the period. MetLife Investment Advisors LLC increased its holdings in shares of Home Bancshares by 2.1% in the 2nd quarter. MetLife Investment Advisors LLC now owns 171,942 shares of the financial services provider’s stock valued at $3,879,000 after acquiring an additional 3,497 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Home Bancshares by 4.0% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 94,618 shares of the financial services provider’s stock valued at $2,135,000 after acquiring an additional 3,617 shares during the period. 64.36% of the stock is currently owned by institutional investors and hedge funds.

About Home Bancshares

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, and money market accounts, as well as certificates of deposit.

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Analyst Recommendations for Home Bancshares (NASDAQ:HOMB)

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