Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stock Rating Reaffirmed by Royal Bank of Canada

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)‘s stock had its “sector perform” rating restated by equities research analysts at Royal Bank of Canada in a report released on Friday, Benzinga reports. They currently have a $28.00 price target on the financial services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 4.91% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Piper Sandler lifted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Stephens reiterated an “overweight” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Finally, StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and an average target price of $28.25.

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

Shares of NYSE:HOMB opened at $26.69 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $5.35 billion, a PE ratio of 13.76 and a beta of 1.05. The firm’s 50 day simple moving average is $26.89 and its 200-day simple moving average is $25.32. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $28.99.

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 for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. As a group, equities analysts predict that Home Bancshares, Inc. will post 2.07 EPS for the current year.

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

Institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in 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 worth $84,615,000 after acquiring an additional 590,301 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock valued at $156,946,000 after acquiring an additional 490,718 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 465.2% in the second quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider’s stock worth $7,671,000 after acquiring an additional 264,627 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the first quarter worth $4,738,000. Finally, Creative Planning lifted its position in Home Bancshares, Inc. (Conway, AR) by 38.2% during the second quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock valued at $14,422,000 after purchasing an additional 166,324 shares during the period. Institutional investors and hedge funds 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.