According to Zacks, “HOME BANCSHARES, INC. is a bank holding company, headquartered in Conway, Arkansas, with six wholly owned bank subsidiaries that provide a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities. Three of the bank subsidiaries are located in the central Arkansas market area, a fourth serves central and southern Arkansas, a fifth serves Stone County in north central Arkansas, and a sixth serves the Florida Keys and southwestern Florida. “
Other equities analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Home Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Piper Jaffray Companies set a $23.00 target price on shares of Home Bancshares and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Stephens set a $22.00 target price on shares of Home Bancshares and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, ValuEngine upgraded shares of Home Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.60.
NASDAQ:HOMB opened at $18.75 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day moving average is $18.44. The firm has a market capitalization of $3.14 billion, a PE ratio of 10.71 and a beta of 1.18. Home Bancshares has a fifty-two week low of $15.35 and a fifty-two week high of $24.56.
Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. The company had revenue of $163.14 million during the quarter, compared to analysts’ expectations of $163.93 million. Home Bancshares had a net margin of 37.12% and a return on equity of 12.95%. During the same period in the prior year, the business posted $0.42 earnings per share. Equities research analysts predict that Home Bancshares will post 1.76 earnings per share for the current year.
In other Home Bancshares news, insider Russell Davis Carter III sold 3,333 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $18.20, for a total transaction of $60,660.60. Following the completion of the transaction, the insider now owns 16,259 shares of the company’s stock, valued at $295,913.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.70% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Home Bancshares by 6.4% in the 4th quarter. BlackRock Inc. now owns 19,800,521 shares of the financial services provider’s stock valued at $323,539,000 after acquiring an additional 1,188,337 shares during the period. Norges Bank acquired a new position in Home Bancshares in the 4th quarter valued at about $13,421,000. American Century Companies Inc. increased its stake in shares of Home Bancshares by 25.7% during the 4th quarter. American Century Companies Inc. now owns 2,782,067 shares of the financial services provider’s stock valued at $45,459,000 after acquiring an additional 568,791 shares during the last quarter. Davis Capital Partners LLC increased its stake in shares of Home Bancshares by 116.7% during the 4th quarter. Davis Capital Partners LLC now owns 650,000 shares of the financial services provider’s stock valued at $10,621,000 after acquiring an additional 350,000 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in Home Bancshares during the 4th quarter worth approximately $4,009,000. 65.79% of the stock is currently owned by 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, demand, and money market accounts, as well as certificates of deposit.
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