Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) PT Raised to $31.00 at Stephens

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price target upped by analysts at Stephens from $30.00 to $31.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Stephens’ price objective indicates a potential upside of 16.15% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Piper Sandler boosted their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday. StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.1 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $26.69 on Friday. The company has a market capitalization of $5.35 billion, a P/E ratio of 13.76 and a beta of 1.05. The stock has a fifty day simple moving average of $26.89 and a 200 day simple moving average of $25.32. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $28.99. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The firm had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. During the same quarter in the previous year, the company earned $0.47 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Home Bancshares, Inc. will post 2.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HOMB. Wellington Management Group LLP lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 21.5% during the 4th quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after buying an additional 590,301 shares in the last quarter. BTC Capital Management Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the first quarter worth $339,000. Kwmg LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% in the first quarter. Kwmg LLC now owns 242,958 shares of the financial services provider’s stock worth $5,969,000 after acquiring an additional 4,877 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the first quarter valued at $4,738,000. Finally, State of Michigan Retirement System raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock valued at $1,131,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other 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.