Sandler O'Neill Cuts Rating On Home BancShares, Inc. (HOMB) To "Hold"

Sandler O'Neill Cuts Rating On Home BancShares, Inc. (HOMB) To

WH Ireland maintained the shares of AEG in report on Friday, September 18 with "Buy" rating. Zacks Investment Research raised Home BancShares from a hold rating to a buy rating and set a $24.00 price objective for the company in a research report on Monday, October 24th. ValuEngine raised shares of Home BancShares from a hold rating to a buy rating in a research report on Friday, July 7th. Haynes Jim F JR sold $38,250 worth of Home Bancshares Inc (NASDAQ:HOMB) on Thursday, May 4. Out of 5 total analysts who were surveyed, 1 rated it a Moderate Buy, 2 rated it hold, and 2 rated it a Strong Buy.

Press coverage about Home BancShares (NASDAQ:HOMB) has been trending somewhat positive on Thursday, Accern Sentiment reports. Home BancShares, Inc. has a 52-week low of 20.22 and a 52-week high of 29.69. The stock has a market cap of $3.59 billion, a P/E ratio of 21.70 and a beta of 0.96. HOMB's latest closing price was -7.40% away from the average price of 200 days while it maintained a distance of -1.78% from the 50 Day Moving Average and -6.55% away compared to its SMA 20.

Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, October 19th. Home Bancshares Inc. had 26 analyst reports since July 20, 2015 according to SRatingsIntel. Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. During the same quarter in the previous year, the business posted $0.31 EPS. The average estimate of Wall Street analysts had projected 0.34. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and global trademark and copyright laws.

ILLEGAL ACTIVITY WARNING: "Teachers Advisors LLC Purchases 25,094 Shares of Home BancShares, Inc". The shares were purchased at an average cost of $23.54 per share, with a total value of $72,974.00. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. The stock tapped a 52-week high of US$108.3 while the mean 12-month price target for the shares is US$98.14. The stock was purchased at an average price of $25.46 per share, with a total value of $381,900.00. The disclosure for this purchase can be found here. Insiders own 11.27% of the company's stock. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HOMB. Alps Advisors Inc. boosted its stake in shares of Home BancShares by 0.3% during the 2nd quarter. M&T Bank Corp now owns 12,066 shares of the financial services provider's stock worth $300,000 after acquiring an additional 48 shares during the last quarter. Delta Asset Management LLC TN boosted its position in Home BancShares by 100.0% in the second quarter. Piedmont Investment Advisors LLC bought a new position in shares of Home BancShares during the first quarter valued at approximately $204,000. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider's stock valued at $120,000 after purchasing an additional 379 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Home BancShares during the second quarter valued at approximately $119,000. Institutional investors own 59.86% of the company's stock. Hovde Group upgraded the stock to "Outperform" rating in Tuesday, January 5 report. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).