Home BancShares (NYSE:HOMB – Get Free Report) was upgraded by analysts at Hovde Group to a “strong-buy” rating in a research report issued on Tuesday, Zacks reports.
Several other research analysts also recently issued reports on HOMB. Benchmark assumed coverage on shares of Home BancShares in a research note on Wednesday, June 24th. They issued a “hold” rating on the stock. Citigroup restated a “neutral” rating and issued a $32.00 price objective (up from $29.00) on shares of Home BancShares in a report on Tuesday, July 21st. Weiss Ratings raised Home BancShares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Stephens increased their target price on Home BancShares from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded Home BancShares from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.00.
Check Out Our Latest Research Report on Home BancShares
Home BancShares Stock Performance
Home BancShares (NYSE:HOMB – Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $295.10 million for the quarter, compared to the consensus estimate of $288.70 million. Home BancShares had a net margin of 32.10% and a return on equity of 11.12%. Home BancShares’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. Sell-side analysts anticipate that Home BancShares will post 2.51 EPS for the current fiscal year.
Insider Activity at Home BancShares
In other news, CEO John Tipton sold 12,000 shares of Home BancShares stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $31.59, for a total value of $379,080.00. Following the completion of the sale, the chief executive officer directly owned 76,308 shares in the company, valued at $2,410,569.72. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.39% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey boosted its holdings in Home BancShares by 0.8% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 52,582 shares of the financial services provider’s stock worth $1,461,000 after purchasing an additional 410 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Home BancShares by 4.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,360 shares of the financial services provider’s stock valued at $293,000 after buying an additional 425 shares during the last quarter. Villanova Investment Management Co LLC raised its stake in 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 buying an additional 468 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Home BancShares by 76.9% during the 1st quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock valued at $29,000 after buying an additional 474 shares during the period. Finally, DRW Securities LLC lifted its holdings in shares of Home BancShares by 2.8% during the 4th quarter. DRW Securities LLC now owns 19,495 shares of the financial services provider’s stock valued at $542,000 after buying an additional 524 shares during the period. 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.
See Also
- Five stocks we like better than Home BancShares
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Receive News & Ratings for Home BancShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home BancShares and related companies with MarketBeat.com's FREE daily email newsletter.
