Home BancShares (NYSE:HOMB) Price Target Cut to $30.00 by Analysts at Keefe, Bruyette & Woods

Home BancShares (NYSE:HOMB) had its price objective reduced by analysts at Keefe, Bruyette & Woods from $32.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 11.64% from the company’s previous close.

HOMB has been the topic of a number of other reports. Zacks Research cut Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Royal Bank Of Canada set a $31.00 price target on Home BancShares in a report on Monday, January 12th. Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday. Cantor Fitzgerald lowered their price target on Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.40.

Home BancShares Stock Down 0.1%

HOMB stock opened at $26.87 on Monday. Home BancShares has a twelve month low of $25.67 and a twelve month high of $30.83. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. The stock has a market cap of $5.28 billion, a P/E ratio of 11.06 and a beta of 0.75. The business’s 50-day moving average price is $27.68 and its 200-day moving average price is $27.92.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.The company had revenue of $266.71 million for the quarter, compared to analysts’ expectations of $274.06 million. During the same period in the previous year, the firm earned $0.56 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Home BancShares will post 2.19 EPS for the current year.

Insider Buying and Selling

In other Home BancShares news, Director John W. Allison II sold 5,000 shares of Home BancShares stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $28.19, for a total value of $140,950.00. Following the sale, the director owned 651,995 shares of the company’s stock, valued at $18,379,739.05. The trade was a 0.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Donna Townsell sold 5,563 shares of Home BancShares stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total value of $157,877.94. Following the completion of the sale, the director directly owned 218,460 shares in the company, valued at approximately $6,199,894.80. The trade was a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.39% of the company’s stock.

Institutional Trading of Home BancShares

Large investors have recently added to or reduced their stakes in the company. AG Campbell Advisory LLC bought a new position in shares of Home BancShares during the 4th quarter valued at approximately $4,652,000. Caitong International Asset Management Co. Ltd increased its position in shares of Home BancShares by 319.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,470 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 2,642 shares during the last quarter. Villanova Investment Management Co LLC increased its position in shares of Home BancShares by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 114,093 shares of the financial services provider’s stock valued at $3,170,000 after purchasing an additional 468 shares during the last quarter. TMB Capital Partners LLC bought a new position in shares of Home BancShares during the 4th quarter valued at approximately $1,849,000. Finally, Invesco Ltd. increased its position in shares of Home BancShares by 5.9% during the 4th quarter. Invesco Ltd. now owns 458,757 shares of the financial services provider’s stock valued at $12,744,000 after purchasing an additional 25,541 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

About Home BancShares

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.