Stephens Reiterates "Overweight" Rating for Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report)'s stock had its "overweight" rating reissued by analysts at Stephens in a note issued to investors on Thursday,Benzinga reports. They currently have a $34.00 price target on the financial services provider's stock. Stephens' price objective would indicate a potential upside of 11.72% from the company's previous close.

A number of other equities research analysts also recently commented on HOMB. Royal Bank of Canada reiterated a "sector perform" rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Piper Sandler 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 research note on Friday, October 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Up 3.4 %

HOMB stock traded up $0.99 during midday trading on Thursday, reaching $30.43. The stock had a trading volume of 1,782,080 shares, compared to its average volume of 1,232,498. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The business has a fifty day simple moving average of $29.77 and a two-hundred day simple moving average of $27.79. 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 firm has a market cap of $6.05 billion, a price-to-earnings ratio of 15.69 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.02). The business had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 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 was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. As a group, research analysts expect that Home Bancshares, Inc. will post 2.03 EPS for the current fiscal year.

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

In related news, Director James Pat Hickman sold 63,997 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the completion of the transaction, the director now directly owns 175,500 shares in the company, valued at approximately $5,400,135. This trade represents a 26.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack Engelkes sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the sale, the director now owns 199,195 shares in the company, valued at $5,999,753.40. The trade was a 11.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,997 shares of company stock valued at $2,782,548. 7.66% of the stock is currently owned by corporate insiders.

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

Several hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider's stock worth $352,520,000 after purchasing an additional 1,253,259 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Home Bancshares, Inc. (Conway, AR) by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider's stock worth $156,946,000 after buying an additional 490,718 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 465.2% during the 2nd quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider's stock worth $7,671,000 after buying an additional 264,627 shares during the last quarter. Barclays PLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 65.2% during the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider's stock worth $11,458,000 after buying an additional 166,927 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 38.2% in the 2nd quarter. Creative Planning now owns 601,926 shares of the financial services provider's stock valued at $14,422,000 after acquiring an additional 166,324 shares in the last quarter. 67.31% of the stock is 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.