Piper Sandler Increases Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target to $31.00

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price target raised by equities researchers at Piper Sandler from $30.00 to $31.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s target price suggests a potential upside of 15.20% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Stephens reiterated an “overweight” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Thursday. Finally, 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 research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and an average target price of $27.50.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.3 %

HOMB stock traded down $0.07 during midday trading on Friday, hitting $26.91. The company had a trading volume of 90,816 shares, compared to its average volume of 963,505. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 13.87 and a beta of 1.05. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week 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. The stock’s 50 day moving average price is $26.88 and its 200 day moving average price is $25.29.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 earnings per share. As a group, equities research analysts expect that Home Bancshares, Inc. will post 2.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 528 shares in the last quarter. nVerses Capital LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter valued at $187,000. Inspire Investing LLC boosted its holdings in shares of 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 valued at $413,000 after buying an additional 529 shares in the last quarter. UMB Bank n.a. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% in the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after buying an additional 795 shares during the period. Finally, 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 worth $35,000 after buying an additional 427 shares during the period. 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.