Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Receives “Overweight” Rating from Stephens

Stephens reaffirmed their overweight rating on shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a $33.00 price target on the financial services provider’s stock.

HOMB has been the topic of a number of other research reports. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Friday. Hovde Group reduced their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.40.

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

HOMB stock opened at $26.32 on Monday. The company has a market cap of $5.23 billion, a PE ratio of 13.03 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 52 week low of $22.42 and a 52 week high of $32.91. The business has a 50-day simple moving average of $27.98 and a 200 day simple moving average of $28.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its 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 company had revenue of $260.08 million during the quarter, compared to analysts’ expectations of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. Sell-side analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

Hedge funds have recently modified their holdings of the business. Proficio Capital Partners LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $722,000. Charles Schwab Investment Management Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider’s stock valued at $61,322,000 after buying an additional 120,691 shares during the period. Fisher Asset Management LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% during the fourth 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 last quarter. Amarillo National Bank lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% in the fourth quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider’s stock worth $2,932,000 after acquiring an additional 60,000 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider’s stock valued at $10,714,000 after acquiring an additional 69,892 shares during the last quarter. Institutional investors and hedge funds 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.