Stephens Reaffirms "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 reaffirmed by analysts at Stephens in a report issued on Monday,Benzinga reports. They presently have a $33.00 price objective on the financial services provider's stock. Stephens' target price suggests a potential upside of 20.09% from the company's previous close.

Other analysts also recently issued research reports about the company. Hovde Group decreased their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.40.

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

Shares of HOMB traded down $0.34 during mid-day trading on Monday, reaching $27.48. The stock had a trading volume of 42,799 shares, compared to its average volume of 1,016,412. The business has a fifty day moving average of $27.82 and a 200 day moving average of $28.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 13.63 and a beta of 0.93. Home Bancshares, Inc. has a 12 month low of $22.42 and a 12 month high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $260.08 million for the quarter, compared to analysts' expectations of $255.20 million. Equities analysts predict that Home Bancshares, Inc. will post 2.19 EPS for the current year.

Insider Activity

In related news, CAO Jennifer C. Floyd sold 2,500 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total value of $68,625.00. Following the completion of the sale, the chief accounting officer now directly owns 4,301 shares in the company, valued at $118,062.45. This trade represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.30% of the company's stock.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider's stock worth $1,979,000 after purchasing an additional 374 shares during the period. Everhart Financial Group Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% during the fourth quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider's stock valued at $568,000 after buying an additional 409 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock valued at $46,000 after buying an additional 530 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider's stock worth $783,000 after buying an additional 540 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider's stock worth $612,000 after acquiring an additional 575 shares during the last quarter. Hedge funds and other institutional investors 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.