Piper Sandler Increases Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) Price Target to $28.00

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMBGet Rating) had its price objective boosted by equities researchers at Piper Sandler from $27.00 to $28.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price target indicates a potential upside of 23.13% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, April 5th. StockNews.com started coverage on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Hold” and a consensus price target of $26.67.

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $22.74 on Friday. The company has a 50-day moving average of $22.74 and a two-hundred day moving average of $23.96. Home Bancshares, Inc. has a 12-month low of $20.69 and a 12-month high of $29.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. The stock has a market cap of $3.73 billion, a PE ratio of 11.72 and a beta of 1.30.

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMBGet Rating) last released its quarterly earnings results on Thursday, April 21st. The financial services provider reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $161.80 million for the quarter, compared to analysts’ expectations of $167.41 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 11.15% and a net margin of 41.83%. The company’s revenue was down 16.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. On average, sell-side analysts forecast that Home Bancshares, Inc. will post 1.7 EPS for the current fiscal year.

In related news, CAO Jennifer C. Floyd sold 1,666 shares of the business’s stock in a transaction dated Tuesday, January 25th. The shares were sold at an average price of $24.56, for a total value of $40,916.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.11% of the company’s stock.

Large investors have recently bought and sold shares of the company. UMB Bank N A MO acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $36,000. Rockefeller Capital Management L.P. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 173.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,383 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 1,513 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 59.2% during the third quarter. Van ECK Associates Corp now owns 3,011 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 1,120 shares during the last quarter. MCF Advisors LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 15.2% in the third quarter. MCF Advisors LLC now owns 3,030 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 400 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 406.9% in the third quarter. First Horizon Advisors Inc. now owns 659 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 529 shares during the last quarter. 66.18% of the stock is owned by institutional investors and hedge funds.

Home Bancshares, Inc. (Conway, AR) Company Profile (Get Rating)

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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