Keefe, Bruyette & Woods Raises Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target to $32.00

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price objective hoisted by stock analysts at Keefe, Bruyette & Woods from $28.00 to $32.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 2.83% from the company’s current price.

HOMB has been the subject of a number of other reports. Stephens boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report 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, Piper Sandler boosted 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.50.

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

Home Bancshares, Inc. (Conway, AR) stock traded down $0.07 during mid-day trading on Wednesday, reaching $31.12. The company’s stock had a trading volume of 177,217 shares, compared to its average volume of 974,554. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The business has a 50 day moving average price of $28.53 and a 200-day moving average price of $26.57. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.44. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 16.04 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results 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). 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 $258.00 million for the quarter, compared to analyst estimates of $258.90 million. During the same period last year, the company earned $0.47 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts predict that Home Bancshares, Inc. will post 2.04 EPS for the current fiscal year.

Insider Activity

In other news, Director Jack Engelkes sold 25,000 shares of the business’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 completion of the sale, the director now owns 199,195 shares in the company, valued at approximately $5,999,753.40. The trade was a 11.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Pat Hickman sold 63,997 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the transaction, the director now directly owns 175,500 shares of the company’s stock, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,997 shares of company stock valued at $2,782,548 in the last three months. Company insiders own 7.66% of the company’s stock.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

A number of institutional investors have recently modified their holdings of the company. Cetera Advisors LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) in the first quarter worth $543,000. Harbor Capital Advisors Inc. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,274 shares of the financial services provider’s stock worth $773,000 after acquiring an additional 24,052 shares during the last quarter. SG Americas Securities LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 426.7% during the 2nd quarter. SG Americas Securities LLC now owns 51,289 shares of the financial services provider’s stock valued at $1,229,000 after purchasing an additional 41,551 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 10.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock worth $8,544,000 after buying an additional 28,761 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at about $493,000. 67.31% of the stock is currently owned by institutional investors.

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.