Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target Raised to $32.00

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price objective raised by equities researchers at Keefe, Bruyette & Woods from $28.00 to $32.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 3.19% from the company’s current price.

A number of other analysts also recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Stephens upped their price target on 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. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Piper Sandler upped 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.50.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.8 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $31.01 on Wednesday. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.90. The company has a 50 day moving average of $28.71 and a 200 day moving average of $26.64. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $6.16 billion, a P/E ratio of 15.98 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data 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). The firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. As a group, research analysts forecast that Home Bancshares, Inc. will post 2.04 EPS for the current fiscal year.

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

In related news, Director Jack Engelkes sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the transaction, the director now owns 199,195 shares of the company’s stock, valued at $5,999,753.40. This trade represents a 11.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the transaction, the chief accounting officer now owns 3,468 shares in the company, valued at $104,664.24. This trade represents a 36.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,997 shares of company stock worth $2,782,548. Insiders own 7.66% of the company’s stock.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after buying an additional 427 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Home Bancshares, Inc. (Conway, AR) by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock worth $2,326,000 after purchasing an additional 481 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 in the last quarter. Inspire Investing LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 3.6% in the third quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 529 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 5.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 554 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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.