Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Earns “Overweight” Rating from Stephens

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)‘s stock had its “overweight” rating reiterated by stock analysts at Stephens in a report released on Thursday,Benzinga reports. They currently have a $34.00 price objective on the financial services provider’s stock. Stephens’ price target would suggest a potential upside of 16.72% from the company’s current price.

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

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

HOMB traded up $0.02 on Thursday, reaching $29.13. The company had a trading volume of 556,740 shares, compared to its average volume of 1,019,788. The company’s fifty day moving average is $29.77 and its 200 day moving average is $27.77. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $5.79 billion, a P/E ratio of 15.02 and a beta of 1.10. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The firm had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. During the same period in the prior year, the company earned $0.43 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, analysts predict that Home Bancshares, Inc. will post 2.03 earnings per share 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 Home Bancshares, Inc. (Conway, AR) 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 completion of the transaction, the director now owns 175,500 shares of the company’s stock, valued at $5,400,135. This trade represents a 26.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack Engelkes sold 25,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value of $753,000.00. Following the sale, the director now owns 199,195 shares of the company’s stock, valued at approximately $5,999,753.40. The trade was a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,997 shares of company stock worth $2,782,548. Company insiders own 7.66% of the company’s stock.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

Several institutional investors have recently made changes to their positions in the stock. Trust Co. of Vermont purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $40,000. Harbor Capital Advisors Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock valued at $1,979,000 after purchasing an additional 374 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 13.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,640 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 780 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter valued at about $254,000. Finally, Sunbelt Securities Inc. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 5.4% during the third quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 554 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Company Profile

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.