Home BancShares Reaches New 52-Week High (HOMB)

NEW YORK ( TheStreet) -- Home BancShares (Nasdaq: HOMB) hit a new 52-week high Wednesday as it is currently trading at $29.26, above its previous 52-week high of $29 with 9,549 shares traded as of 9:45 a.m. ET. Average volume has been 86,900 shares over the past 30 days.

Home BancShares has a market cap of $802 million and is part of the financial sector and banking industry. Shares are up 11.3% year to date as of the close of trading on Tuesday.

Home BancShares, Inc. operates as a holding company for the Centennial Bank that provides various commercial and retail banking, and related financial products and services to businesses, real estate developers, investors, individuals, and municipalities. The company has a P/E ratio of 14.7, above the average banking industry P/E ratio of 14.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Home BancShares as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, revenue growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Home BancShares Ratings Report.

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