Home BancShares (HOMB) Downgraded to Sell at ValuEngine

Home BancShares (NASDAQ:HOMB) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Several other equities research analysts have also recently commented on HOMB. Sandler O’Neill set a $26.00 price objective on shares of Home BancShares and gave the company a “hold” rating in a research report on Thursday, January 4th. BidaskClub cut shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Piper Jaffray reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Home BancShares in a research report on Tuesday, January 9th. Zacks Investment Research cut shares of Home BancShares from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Home BancShares in a research report on Friday, April 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.33.

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HOMB traded up $0.36 during trading on Wednesday, hitting $23.31. The company had a trading volume of 639,070 shares, compared to its average volume of 885,638. The stock has a market capitalization of $4,050.93, a P/E ratio of 17.27 and a beta of 1.10. Home BancShares has a one year low of $20.82 and a one year high of $26.30. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66.

Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, April 19th. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. The business had revenue of $186.70 million for the quarter, compared to analysts’ expectations of $164.30 million. Home BancShares had a net margin of 24.23% and a return on equity of 11.35%. The firm’s revenue was up 32.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. equities research analysts predict that Home BancShares will post 1.76 EPS for the current fiscal year.

Home BancShares announced that its Board of Directors has approved a stock repurchase program on Thursday, February 22nd that allows the company to buyback 5,000,000 outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other Home BancShares news, Director James G. Hinkle sold 24,119 shares of the business’s stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $23.69, for a total transaction of $571,379.11. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman John W. Allison purchased 20,000 shares of the business’s stock in a transaction on Thursday, April 19th. The shares were acquired at an average cost of $21.32 per share, for a total transaction of $426,400.00. Following the completion of the transaction, the chairman now directly owns 5,160,629 shares in the company, valued at $110,024,610.28. The disclosure for this purchase can be found here. Insiders own 9.15% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Horrell Capital Management Inc. lifted its position in Home BancShares by 2.0% during the 4th quarter. Horrell Capital Management Inc. now owns 114,564 shares of the financial services provider’s stock worth $2,664,000 after buying an additional 2,284 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Home BancShares by 43.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,794 shares of the financial services provider’s stock worth $181,000 after buying an additional 2,354 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in Home BancShares by 0.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 587,283 shares of the financial services provider’s stock worth $13,654,000 after buying an additional 2,683 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Home BancShares by 9.7% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 33,900 shares of the financial services provider’s stock worth $788,000 after buying an additional 3,000 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its position in Home BancShares by 0.4% during the 4th quarter. King Luther Capital Management Corp now owns 789,047 shares of the financial services provider’s stock worth $18,345,000 after buying an additional 3,375 shares in the last quarter. 64.76% of the stock is currently owned by hedge funds and other institutional investors.

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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