Home Bancshares, Inc. (Conway, AR)’s (HOMB) Overweight Rating Reiterated at Stephens

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a note issued to investors on Monday,Benzinga reports. They presently have a $33.00 target price on the financial services provider’s stock. Stephens’ price objective would indicate a potential upside of 25.28% from the company’s current price.

Other analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Friday. Hovde Group dropped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Moderate Buy” and an average target price of $31.80.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.5 %

Home Bancshares, Inc. (Conway, AR) stock traded down $0.12 during mid-day trading on Monday, reaching $26.34. 400,230 shares of the company were exchanged, compared to its average volume of 1,016,999. The firm has a market cap of $5.23 billion, a P/E ratio of 13.04 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a 12-month low of $22.42 and a 12-month high of $32.91. The business has a fifty day moving average of $28.06 and a 200 day moving average of $28.81.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The business had revenue of $260.08 million during the quarter, compared to analyst estimates of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. Research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO John W. Allison bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. The trade was a 0.18 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $60,169,000. Boston Partners acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $27,825,000. Point72 Asset Management L.P. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1,545.1% in the 4th quarter. Point72 Asset Management L.P. now owns 393,171 shares of the financial services provider’s stock worth $11,127,000 after acquiring an additional 369,271 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock worth $59,160,000 after acquiring an additional 324,664 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 24.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,285,348 shares of the financial services provider’s stock valued at $36,375,000 after acquiring an additional 250,703 shares during the last quarter. 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.