Analyst Rating Update on Home BancShares (HOMB)

Home BancShares (NASDAQ:HOMB) has an average broker rating of 2.17, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Home BancShares (NASDAQ:HOMB) : 5 Wall Street analysts covering Home BancShares (NASDAQ:HOMB) believe that the average level the stock could reach for the short term is $22.95. The maximum price target given is $25 and the minimum target for short term is around $21, hence the standard deviation is calculated at $1.68.

For the current week, the company shares have a recommendation consensus of Buy.

Home BancShares (NASDAQ:HOMB): stock turned positive on Tuesday. Though the stock opened at $18.91, the bulls momentum made the stock top out at $19.798 level for the day. The stock recorded a low of $18.52 and closed the trading day at $18.92, in the green by 1.99%. The total traded volume for the day was 1,331,216. The stock had closed at $18.55 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Home Bancshares Inc, Lieblong Alex R had sold 25,000 shares worth of $536,750 in a transaction dated June 14, 2016. In this transaction, 25,000 shares were sold at $21.47 per share.

Home BancShares, Inc. is a bank holding company. The company is primarily 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 wholly owned community bank subsidiary, Centennial Bank (the Bank). The Bank has locations in Arkansas, Florida and South Alabama. The Company provides loans to single and multi-family real estate, residential construction and commercial buildings. In addition, it also makes loans to small and medium-sized commercial businesses, as well as to consumers. Securities held to maturity include any security for which the Company has the positive intent and ability to hold until maturity. It offers a range of deposit services, including checking, savings, money market accounts and certificates of deposit. The Company obtains its deposits from individuals and small businesses and municipalities in its market areas.

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