Analysts Set Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) Price Target at $19.17

Shares of Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) have received an average recommendation of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.17.

Several analysts have commented on the stock. Zacks Investment Research raised Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Thursday, December 17th. ValuEngine lowered Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 1st. TheStreet upgraded Home Bancshares, Inc. (Conway, AR) from a “c+” rating to a “b-” rating in a report on Thursday, November 19th. Finally, BidaskClub upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “buy” rating in a report on Tuesday, November 3rd.

In related news, Director Jack Engelkes sold 2,000 shares of the stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $20.29, for a total transaction of $40,580.00. 8.66% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of HOMB. Natixis Advisors L.P. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 0.5% during the second quarter. Natixis Advisors L.P. now owns 141,759 shares of the financial services provider’s stock valued at $2,181,000 after buying an additional 714 shares during the last quarter. Comerica Bank raised its holdings in Home Bancshares, Inc. (Conway, AR) by 0.4% in the 3rd quarter. Comerica Bank now owns 225,197 shares of the financial services provider’s stock worth $3,986,000 after purchasing an additional 828 shares during the period. California State Teachers Retirement System raised its holdings in Home Bancshares, Inc. (Conway, AR) by 0.4% in the 3rd quarter. California State Teachers Retirement System now owns 231,597 shares of the financial services provider’s stock worth $3,511,000 after purchasing an additional 927 shares during the period. Financial Management Professionals Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 51.2% during the third quarter. Financial Management Professionals Inc. now owns 3,333 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in Home Bancshares, Inc. (Conway, AR) by 11.0% during the second quarter. Captrust Financial Advisors now owns 20,100 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 60.37% of the company’s stock.

Shares of HOMB stock opened at $19.48 on Wednesday. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 15.71 and a beta of 1.50. The stock has a fifty day moving average of $19.31 and a 200 day moving average of $16.94. Home Bancshares, Inc. has a 52 week low of $9.71 and a 52 week high of $21.04. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.30.

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.02% and a return on equity of 12.05%. The business had revenue of $176.09 million during the quarter, compared to analyst estimates of $171.95 million. During the same period in the prior year, the business earned $0.44 EPS. Equities research analysts anticipate that Home Bancshares, Inc. will post 1.78 earnings per share for the current year.

Home Bancshares, Inc. (Conway, AR) 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, demand, and money market accounts, as well as certificates of deposit.

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Analyst Recommendations for Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

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