Home Bancshares, Inc. (Conway, AR)’s (HOMB) Overweight Rating Reiterated at Stephens

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)‘s stock had its “overweight” rating restated by equities research analysts at Stephens in a research note issued to investors on Thursday,Benzinga reports. They presently have a $34.00 price target on the financial services provider’s stock. Stephens’ price objective would indicate a potential upside of 16.72% from the stock’s current price.

A number of other equities research analysts have also recently commented on HOMB. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Keefe, Bruyette & Woods upped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Hold” and an average price target of $31.25.

Home Bancshares, Inc. (Conway, AR) Stock Performance

Shares of Home Bancshares, Inc. (Conway, AR) stock traded up $0.02 during trading hours on Thursday, hitting $29.13. 556,740 shares of the company’s stock traded hands, compared to its average volume of 1,019,788. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 15.02 and a beta of 1.10. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91. The company has a fifty day simple moving average of $29.77 and a 200-day simple moving average of $27.77.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The company had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Equities research analysts anticipate that Home Bancshares, Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In related news, Director James Pat Hickman sold 63,997 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the transaction, the director now owns 175,500 shares of the company’s stock, valued at approximately $5,400,135. This trade represents a 26.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack Engelkes sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the completion of the sale, the director now directly owns 199,195 shares of the company’s stock, valued at $5,999,753.40. This represents a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,997 shares of company stock valued at $2,782,548 in the last quarter. Insiders own 7.66% of the company’s stock.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

Hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 795 shares during the period. GAMMA Investing LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 427 shares during the period. Trust Co. of Vermont bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $40,000. Blue Trust Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 528 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the second quarter worth about $75,000. Institutional investors own 67.31% of the company’s stock.

About Home Bancshares, Inc. (Conway, AR)

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.