Cantor Fitzgerald Forecasts Strong Price Appreciation for Home BancShares (NYSE:HOMB) Stock

Key Points

• Cantor Fitzgerald raised its Home BancShares price target from $31 to $32 but maintained a neutral rating, implying 7.04% upside from the previous close.
• Analysts overall rate the stock a Moderate Buy, with an average price target of $32.71; five analysts rate it Buy and five rate it Hold.
• Home BancShares reported quarterly EPS of $0.65, slightly ahead of estimates, while revenue fell short of consensus at $288.44 million; revenue was up 3.9% year over year.

Home BancShares (NYSE:HOMB - Get Free Report) had its target price increased by investment analysts at Cantor Fitzgerald from $31.00 to $32.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. Cantor Fitzgerald's price target would suggest a potential upside of 7.04% from the stock's previous close.

A number of other analysts also recently issued reports on the company. Stephens lifted their price objective on Home BancShares from $32.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, July 17th. Wall Street Zen upgraded Home BancShares from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th. Keefe, Bruyette & Woods raised their target price on shares of Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a report on Friday, July 17th. Citigroup cut their target price on shares of Home BancShares from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Monday, October 19th. Finally, Piper Sandler restated an "overweight" rating and issued a $34.00 price target (down from $36.00) on shares of Home BancShares in a research report on Friday, October 16th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Home BancShares presently has a consensus rating of "Moderate Buy" and an average price target of $32.71.

Home BancShares Trading Up 0.1%

Shares of HOMB stock opened at $29.89 on Monday. Home BancShares has a 12-month low of $25.50 and a 12-month high of $31.70. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.12. The stock's 50-day moving average price is $29.39 and its 200-day moving average price is $28.59. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 12.25 and a beta of 0.73.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its earnings results on Wednesday, October 14th. The financial services provider reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. Home BancShares had a return on equity of 11.14% and a net margin of 32.36%. The company had revenue of $288.44 million for the quarter, compared to the consensus estimate of $294.42 million. During the same period in the previous year, the business earned $0.61 earnings per share. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts predict that Home BancShares will post 2.53 EPS for the current fiscal year.

Insider Buying and Selling

In other Home BancShares news, Director John W. Allison II sold 13,500 shares of the business's stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $30.06, for a total transaction of $405,810.00. Following the sale, the director directly owned 636,495 shares of the company's stock, valued at $19,133,039.70. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 6.39% of the company's stock.

Institutional Investors Weigh In On Home BancShares

Several institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its position in shares of Home BancShares by 490.4% during the third quarter. IFP Advisors Inc now owns 1,293 shares of the financial services provider's stock worth $36,000 after purchasing an additional 1,074 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of Home BancShares during the second quarter valued at $41,000. Provenance Wealth Advisors LLC bought a new position in shares of Home BancShares in the third quarter worth about $41,000. Ancora Advisors LLC bought a new position in shares of Home BancShares in the second quarter worth about $45,000. Finally, Parallel Advisors LLC grew its holdings in shares of Home BancShares by 62.5% in the third quarter. Parallel Advisors LLC now owns 1,620 shares of the financial services provider's stock worth $46,000 after purchasing an additional 623 shares during the last quarter. 67.31% of the stock is owned by institutional investors.

About Home BancShares

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