Home Bancshares (NASDAQ:HOMB) Downgraded to “C+” at TheStreet

Home Bancshares (NASDAQ:HOMB) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Monday, October 29th.

Several other research firms also recently commented on HOMB. ValuEngine downgraded Home Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Zacks Investment Research downgraded Home Bancshares from a “buy” rating to a “hold” rating in a report on Monday, September 3rd. BidaskClub downgraded Home Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. Stephens reissued a “buy” rating and issued a $28.00 price objective on shares of Home Bancshares in a report on Thursday, October 18th. Finally, Citigroup dropped their price target on Home Bancshares from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, October 19th. Two analysts have rated the stock with a sell rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $27.00.

NASDAQ HOMB traded up $0.07 during trading hours on Monday, reaching $19.32. 628,821 shares of the company’s stock were exchanged, compared to its average volume of 825,403. Home Bancshares has a one year low of $18.03 and a one year high of $25.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 14.31 and a beta of 1.14.

Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Home Bancshares had a return on equity of 12.73% and a net margin of 32.68%. The firm had revenue of $171.76 million during the quarter, compared to the consensus estimate of $171.67 million. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, analysts predict that Home Bancshares will post 1.77 EPS for the current year.

In other Home Bancshares news, insider Jennifer C. Floyd sold 2,000 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $23.88, for a total transaction of $47,760.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tracy French acquired 2,500 shares of the stock in a transaction on Friday, October 19th. The shares were purchased at an average price of $19.25 per share, for a total transaction of $48,125.00. Following the transaction, the insider now directly owns 112,601 shares in the company, valued at $2,167,569.25. The disclosure for this purchase can be found here. 9.15% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of HOMB. Arizona State Retirement System boosted its stake in Home Bancshares by 2.4% in the second quarter. Arizona State Retirement System now owns 109,535 shares of the financial services provider’s stock valued at $2,471,000 after buying an additional 2,551 shares in the last quarter. Suffolk Capital Management LLC boosted its stake in Home Bancshares by 7.0% in the second quarter. Suffolk Capital Management LLC now owns 39,788 shares of the financial services provider’s stock valued at $898,000 after buying an additional 2,611 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Home Bancshares by 17.5% in the third quarter. Riverhead Capital Management LLC now owns 18,826 shares of the financial services provider’s stock valued at $412,000 after buying an additional 2,800 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Home Bancshares by 2.2% in the third quarter. Mutual of America Capital Management LLC now owns 137,950 shares of the financial services provider’s stock valued at $3,021,000 after buying an additional 2,941 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Home Bancshares by 1.6% in the third quarter. Retirement Systems of Alabama now owns 207,660 shares of the financial services provider’s stock valued at $4,548,000 after buying an additional 3,365 shares in the last quarter. Hedge funds and other institutional investors own 66.32% 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, 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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