Home BancShares (HOMB) Given a $26.00 Price Target at Sandler O’Neill

Sandler O’Neill set a $26.00 price objective on Home BancShares (NASDAQ:HOMB) in a research report released on Thursday morning. The firm currently has a hold rating on the financial services provider’s stock.

HOMB has been the subject of a number of other research reports. Piper Jaffray Companies reiterated a neutral rating and set a $27.00 price objective on shares of Home BancShares in a research note on Thursday, October 5th. Keefe, Bruyette & Woods restated a buy rating and issued a $30.00 price target on shares of Home BancShares in a research note on Friday, December 22nd. Zacks Investment Research upgraded Home BancShares from a sell rating to a hold rating in a research note on Tuesday, December 5th. Royal Bank of Canada restated a hold rating and issued a $28.00 price target on shares of Home BancShares in a research note on Friday, October 20th. Finally, BidaskClub lowered Home BancShares from a hold rating to a sell rating in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $27.36.

Home BancShares (NASDAQ:HOMB) traded down $0.02 during midday trading on Thursday, hitting $23.12. The company’s stock had a trading volume of 875,300 shares, compared to its average volume of 1,000,000. The stock has a market cap of $4,018.11, a price-to-earnings ratio of 20.46 and a beta of 1.17. Home BancShares has a twelve month low of $20.82 and a twelve month 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 released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The company had revenue of $128.23 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $0.33 EPS. sell-side analysts expect that Home BancShares will post 1.36 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.90%. Home BancShares’s dividend payout ratio is presently 38.94%.

In other Home BancShares news, Director Jim Rankin purchased 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average price of $21.29 per share, for a total transaction of $31,935.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.27% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of HOMB. State Street Corp increased its stake in Home BancShares by 34.9% during the 2nd quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock worth $151,902,000 after buying an additional 1,579,605 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Home BancShares by 39.6% during 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 buying an additional 1,206,395 shares in the last quarter. Voya Investment Management LLC increased its stake in Home BancShares by 865.4% during the 2nd quarter. Voya Investment Management LLC now owns 1,345,605 shares of the financial services provider’s stock worth $33,505,000 after buying an additional 1,206,224 shares in the last quarter. Northern Trust Corp increased its stake in Home BancShares by 19.6% during the 2nd quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after buying an additional 569,061 shares in the last quarter. Finally, Barr E S & Co. increased its stake in Home BancShares by 213.3% during the 3rd quarter. Barr E S & Co. now owns 678,069 shares of the financial services provider’s stock worth $17,101,000 after buying an additional 461,649 shares in the last quarter. Institutional investors own 63.45% 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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