Home BancShares (NYSE:HOMB) Upgraded at Zacks Research

Zacks Research upgraded shares of Home BancShares (NYSE:HOMB) from a hold rating to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

A number of other brokerages have also commented on HOMB. Royal Bank Of Canada set a $31.00 price objective on Home BancShares in a report on Monday, January 12th. Wall Street Zen upgraded Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a report on Monday, December 29th. Finally, Piper Sandler restated an “overweight” rating and set a $35.00 price target (up from $34.00) on shares of Home BancShares in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.60.

Home BancShares Stock Performance

Shares of HOMB stock opened at $29.45 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $28.21 and a two-hundred day simple moving average of $28.38. Home BancShares has a 12 month low of $24.22 and a 12 month high of $31.27. The firm has a market capitalization of $5.79 billion, a PE ratio of 12.22 and a beta of 0.78.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The firm had revenue of $282.09 million during the quarter, compared to analysts’ expectations of $272.48 million. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. Analysts forecast that Home BancShares will post 2.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in shares of 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 purchasing an additional 425 shares in the last quarter. Inspire Advisors LLC lifted its holdings in Home BancShares by 1.8% in the third quarter. Inspire Advisors LLC now owns 24,720 shares of the financial services provider’s stock worth $700,000 after buying an additional 435 shares during the period. Arizona State Retirement System boosted its position in Home BancShares by 0.8% during the 3rd quarter. Arizona State Retirement System now owns 55,511 shares of the financial services provider’s stock valued at $1,571,000 after acquiring an additional 463 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Home BancShares by 0.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 66,765 shares of the financial services provider’s stock valued at $1,900,000 after acquiring an additional 469 shares in the last quarter. Finally, Trust Point Inc. grew its holdings in shares of Home BancShares by 7.5% during the 3rd quarter. Trust Point Inc. now owns 8,220 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 576 shares during the period. 67.31% of the stock is currently owned by institutional investors.

Home BancShares Company Profile

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.