Several other research analysts have also issued reports on HOMB. Stephens reiterated an "overweight" rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, July 18th. Royal Bank of Canada upped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 19th. Finally, Piper Sandler lifted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, July 19th. 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.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.25.
Check Out Our Latest Stock Analysis on Home Bancshares, Inc. (Conway, AR)
Shares of HOMB stock traded down $0.47 during midday trading on Thursday, reaching $26.98. 953,628 shares of the stock were exchanged, compared to its average volume of 966,919. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $28.99. The firm has a market cap of $5.40 billion, a PE ratio of 13.91 and a beta of 1.05. The company's 50 day moving average is $26.86 and its two-hundred day moving average is $25.28. 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 - Get Free Report) last released its quarterly earnings results 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 net margin of 27.29% and a return on equity of 10.41%. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 earnings per share. On average, equities research analysts predict that Home Bancshares, Inc. will post 2.07 EPS for the current year.
In other news, CFO Brian Davis sold 15,391 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $26.89, for a total transaction of $413,863.99. Following the sale, the chief financial officer now owns 89,192 shares in the company, valued at $2,398,372.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Kevin Hester sold 25,263 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the sale, the insider now directly owns 114,912 shares in the company, valued at approximately $3,102,624. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian Davis sold 15,391 shares of the business's stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $26.89, for a total value of $413,863.99. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares of the company's stock, valued at approximately $2,398,372.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.66% of the company's stock.
A number of large investors have recently made changes to their positions in the stock. EntryPoint Capital LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the first quarter valued at approximately $31,000. UMB Bank n.a. raised its stake in Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock valued at $33,000 after buying an additional 795 shares during the last quarter. GAMMA Investing LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock valued at $35,000 after buying an additional 427 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at $75,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 2nd quarter worth $81,000. 67.31% of the stock is currently owned by institutional investors.
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.
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