Home BancShares (NYSE:HOMB) Stock Rating Lowered by Wall Street Zen

Home BancShares (NYSE:HOMB) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

A number of other equities research analysts also recently weighed in on HOMB. Piper Sandler upped their target price on Home BancShares from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods upped their target price on Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, July 21st. Weiss Ratings restated a “buy (b)” rating on shares of Home BancShares in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald initiated coverage on Home BancShares in a research report on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $33.00.

Home BancShares Stock Performance

Shares of HOMB stock opened at $27.16 on Friday. Home BancShares has a 12-month low of $24.22 and a 12-month high of $32.90. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 12.40 and a beta of 0.78. The business has a 50 day simple moving average of $28.80 and a 200 day simple moving average of $28.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $271.03 million during the quarter, compared to analyst estimates of $262.56 million. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%.The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. On average, equities research analysts anticipate that Home BancShares will post 2.19 EPS for the current year.

Insider Transactions at Home BancShares

In other Home BancShares news, CEO John W. Allison sold 110,000 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total transaction of $3,302,200.00. Following the sale, the chief executive officer directly owned 5,540,776 shares of the company’s stock, valued at $166,334,095.52. The trade was a 1.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Home BancShares

Several large investors have recently added to or reduced their stakes in the company. BTC Capital Management Inc. raised its stake in Home BancShares by 2.3% during the 2nd quarter. BTC Capital Management Inc. now owns 16,683 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 374 shares during the period. State of Michigan Retirement System raised its stake in Home BancShares by 0.9% during the 1st quarter. State of Michigan Retirement System now owns 44,230 shares of the financial services provider’s stock valued at $1,250,000 after purchasing an additional 400 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Home BancShares by 0.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 66,765 shares of the financial services provider’s stock valued at $1,900,000 after purchasing an additional 469 shares during the period. Xponance Inc. raised its stake in Home BancShares by 1.8% during the 1st quarter. Xponance Inc. now owns 26,770 shares of the financial services provider’s stock valued at $757,000 after purchasing an additional 476 shares during the period. Finally, Inspire Advisors LLC raised its stake in Home BancShares by 2.1% during the 2nd quarter. Inspire Advisors LLC now owns 24,285 shares of the financial services provider’s stock valued at $691,000 after purchasing an additional 498 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

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, and money market accounts, as well as certificates of deposit.