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

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

Several other research firms have also commented on HOMB. Stephens increased their target price on shares of 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. 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. Piper Sandler increased their price target on shares of 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. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Hold” and an average price target of $30.50.

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

NYSE:HOMB traded down $0.07 during trading hours on Wednesday, reaching $31.12. The company had a trading volume of 177,217 shares, compared to its average volume of 974,554. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90. The business’s 50 day moving average price is $28.53 and its 200-day moving average price is $26.57. The firm has a market cap of $6.19 billion, a PE ratio of 16.04 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91.

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 company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. Research analysts forecast that Home Bancshares, Inc. will post 2.04 EPS for the current year.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of the firm’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 sale, the director now owns 199,195 shares in the company, valued at $5,999,753.40. This trade represents a 11.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the sale, the chief accounting officer now directly owns 3,468 shares in the company, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is owned by corporate insiders.

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

Several institutional investors have recently added to or reduced their stakes in HOMB. GAMMA Investing LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 427 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock valued at $2,326,000 after acquiring an additional 481 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after buying an additional 528 shares during the last quarter. Inspire Investing LLC grew its position 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 worth $413,000 after acquiring an additional 529 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in Home Bancshares, Inc. (Conway, AR) by 5.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider’s stock valued at $294,000 after buying an additional 554 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

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.