Home Bancshares (HOMB) Upgraded to Sell by ValuEngine

ValuEngine upgraded shares of Home Bancshares (NASDAQ:HOMB) from a strong sell rating to a sell rating in a research note released on Friday.

A number of other equities research analysts have also weighed in on HOMB. Stephens reaffirmed a buy rating and set a $28.00 target price on shares of Home Bancshares in a research report on Thursday, October 18th. Citigroup decreased their target price on Home Bancshares from $28.00 to $27.00 and set a buy rating for the company in a research report on Friday, October 19th. BidaskClub raised Home Bancshares from a strong sell rating to a sell rating in a research report on Tuesday, October 30th. TheStreet lowered Home Bancshares from a b- rating to a c+ rating in a research report on Monday, October 29th. Finally, Piper Jaffray Companies set a $25.00 target price on Home Bancshares and gave the company a buy rating in a research report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $24.86.

Shares of HOMB stock opened at $19.20 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.04. The company has a market cap of $3.27 billion, a P/E ratio of 10.97 and a beta of 1.17. Home Bancshares has a 52-week low of $15.35 and a 52-week high of $25.23.

Home Bancshares (NASDAQ:HOMB) last issued its earnings results on Thursday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). The firm had revenue of $163.79 million for the quarter, compared to the consensus estimate of $171.60 million. Home Bancshares had a net margin of 38.11% and a return on equity of 13.21%. During the same period last year, the firm earned $0.35 earnings per share. Research analysts expect that Home Bancshares will post 1.79 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 13th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 12th. Home Bancshares’s payout ratio is 27.43%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its position in shares of Home Bancshares by 13.9% in the 4th quarter. Advisor Group Inc. now owns 8,956 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 1,096 shares in the last quarter. Horrell Capital Management Inc. raised its position in shares of Home Bancshares by 0.9% in the 4th quarter. Horrell Capital Management Inc. now owns 124,116 shares of the financial services provider’s stock worth $2,028,000 after acquiring an additional 1,132 shares in the last quarter. Raymond James & Associates raised its position in shares of Home Bancshares by 4.7% in the 4th quarter. Raymond James & Associates now owns 27,891 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 1,260 shares in the last quarter. Legal & General Group Plc raised its position in shares of Home Bancshares by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 154,520 shares of the financial services provider’s stock worth $3,384,000 after acquiring an additional 1,477 shares in the last quarter. Finally, Virtu Financial LLC raised its position in shares of Home Bancshares by 13.8% in the 4th quarter. Virtu Financial LLC now owns 13,537 shares of the financial services provider’s stock worth $221,000 after acquiring an additional 1,637 shares in the last quarter. 66.26% of the stock is owned by hedge funds and other institutional investors.

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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