Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target Increased to $31.00 by Analysts at Piper Sandler

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its target price increased by stock analysts at Piper Sandler from $30.00 to $31.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective indicates a potential upside of 16.15% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday. Finally, Stephens reissued an “overweight” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.25.

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

NYSE:HOMB opened at $26.69 on Friday. The stock has a 50 day simple moving average of $26.89 and a 200 day simple moving average of $25.32. The stock has a market cap of $5.35 billion, a P/E ratio of 13.76 and a beta of 1.05. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $28.99. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted 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 for the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. Research analysts anticipate that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock valued at $8,544,000 after purchasing an additional 28,761 shares during the last quarter. Blue Trust Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 41.6% in the third 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 in the last quarter. nVerses Capital LLC bought a new position in Home Bancshares, Inc. (Conway, AR) in the third quarter valued at about $187,000. Inspire Investing LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 3.6% during the third 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 in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% in the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 795 shares during the last quarter. 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.