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Home Bancshares (NASDAQ:HOMB) has been downgraded from Buy to Hold in a statement by Sandler O'Neill earlier today.

Sandler O'Neill has downgraded Home Bancshares (NASDAQ:HOMB) from Buy to Hold in a statement released on Friday October 20, 2017.

Boasting a price of $24.96, Home Bancshares (NASDAQ:HOMB) traded -6.22% lower on the day. With the last close up -4.77% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Home Bancshares has recorded a 50-day average of $24.08 and a two hundred day average of $24.58. Volume of trade was down over the average, with 951,361 shares of HOMB changing hands under the typical 1,031,830

Performance Chart

Home Bancshares (NASDAQ:HOMB)

With a total market value of $0, Home Bancshares has price-earnings ratio of 17.51 with a one year low of $20.22 and a one year high of $29.69 .

A total of 9 analysts have released a research note on HOMB. Three analysts rating the company a strong buy, four analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $44.28.

More About Home Bancshares (NASDAQ:HOMB)

Home BancShares, Inc. is a bank holding company. 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). It operates through community banking segment. It offers a range of products and services, including Internet banking, mobile banking and voice response information, cash management, overdraft protection, direct deposit, safe deposit boxes, the United States savings bonds and automatic account transfers. The Bank has locations in Arkansas, Florida, South Alabama and New York City. As of September 26, 2017, the Company conducted business principally through 76 branches in Arkansas, 89 branches in Florida, six branches in Alabama and one branch in New York City. It originates loans secured by single and multi-family real estate, residential construction and commercial buildings.

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