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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price objective raised by research analysts at Piper Sandler from $30.00 to $31.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s target price would indicate a potential upside of 16.15% from the company’s previous close.

Several other brokerages have also recently commented on HOMB. Royal Bank of Canada restated a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday. StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Stephens restated an “overweight” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and an average price target of $28.25.

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

HOMB stock opened at $26.69 on Friday. The stock has a market cap of $5.35 billion, a PE ratio of 13.76 and a beta of 1.05. The stock has a 50-day moving average price of $26.89 and a two-hundred day moving average price of $25.32. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year 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 announced its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The firm had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. During the same period in the prior year, the business posted $0.47 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts forecast that Home Bancshares, Inc. will post 2.07 EPS for the current fiscal year.

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

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 10.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock valued at $8,544,000 after buying an additional 28,761 shares during the last quarter. Blue Trust Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 528 shares during the period. nVerses Capital LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at $187,000. Inspire Investing LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 3.6% during the 3rd 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 last quarter. Finally, UMB Bank n.a. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd 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 last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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.