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Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Rating reiterated by Stephens

Home Bancshares, Inc.  (Conway, AR) (NYSE:HOMB) Rating reiterated by Stephens


Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Free Report)‘s shares had their “overweight” rating reissued by investment analysts at Stephens in a research note issued to investors on Thursday, Benzinga reports. They currently have a price target of $28.00 on the financial services company’s stock. Stephens’ price target represents a potential upside of 3.24% to the company’s current price.

Other analysts have also recently issued research reports on the stock. StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Saturday, June 22nd. Royal Bank of Canada raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 9th. Three equities analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.25.

Get our latest research report on Home Bancshares, Inc. (Conway, AR)

Home Bancshares, Inc. (Conway, AR) trades up 1.7%

Shares of NYSE:HOMB opened at $27.12 on Thursday. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 13.98 and a beta of 1.07. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $27.39. The company has a 50-day moving average of $23.93 and a 200-day moving average of $23.88.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Free Report) last released its quarterly earnings results on Wednesday, July 17. The financial services company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.49% and a net margin of 27.29%. The company had revenue of $254.60 million for the quarter, compared to analyst estimates of $247.26 million. In the prior-year period, the company posted $0.51 EPS. The company’s revenue for the quarter increased 0.6% year over year. As a group, equities research analysts predict that Home Bancshares, Inc. will post 1.97 EPS for the current year.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CAO Jennifer C. Floyd sold 2,333 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the sale, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at approximately $24,530. The sale was disclosed in a legal filing with the SEC, which can be accessed at this hyperlink. In related news, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this link. Also, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) in a transaction dated Friday, April 26. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the transaction, the chief accounting officer now owns 1,000 shares in the company, valued at approximately $24,530. The disclosure for this sale can be found here. Insiders own 7.66% of the company’s shares.

Institutional investors weigh in on Home Bancshares, Inc. (Conway, AR)

A number of hedge funds have recently made changes to their positions in HOMB. Raymond James & Associates increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 7.9% in the fourth quarter. Raymond James & Associates now owns 110,198 shares of the financial services provider’s stock worth $2,791,000 after purchasing an additional 8,110 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 78.6% in the fourth quarter. Pacer Advisors Inc. now owns 28,209 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 12,418 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in Home Bancshares, Inc. (Conway, AR) by 4.5% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 736,832 shares of the financial services provider’s stock worth $18,664,000 after acquiring an additional 31,790 shares in the last quarter. Fenimore Asset Management Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 1.1% in the 4th quarter. Fenimore Asset Management Inc. now owns 509,956 shares of the financial services provider’s stock worth $12,917,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Trust Point Inc. bought a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth approximately $249,000. 67.31% of the shares are currently held by institutional investors and hedge funds.

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

(Get free report)

Home Bancshares, Inc. (Conway, AR) is the bank holding company for Centennial Bank, which provides commercial and retail banking and related financial services to corporations, real estate developers and investors, individuals and municipalities. Deposit products include checking, savings and money market accounts, as well as certificates of deposit.

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