Home BancShares' (HOMB) Buy (B) Rating Reiterated at Weiss Ratings

Home BancShares (NYSE:HOMB - Get Free Report)'s stock had its "buy (b)" rating reiterated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

HOMB has been the subject of a number of other reports. Keefe, Bruyette & Woods raised their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday, July 21st. Cantor Fitzgerald started coverage on shares of Home BancShares in a research note on Wednesday, September 10th. They set a "neutral" rating and a $32.00 price objective for the company. Piper Sandler raised their price objective on shares of Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a research note on Saturday, October 4th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Home BancShares currently has an average rating of "Moderate Buy" and an average target price of $33.00.

Home BancShares Stock Performance

HOMB opened at $28.06 on Wednesday. The stock has a market cap of $5.53 billion, a P/E ratio of 12.81 and a beta of 0.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90. The stock's 50 day simple moving average is $28.84 and its 200 day simple moving average is $28.38. Home BancShares has a 1-year low of $24.22 and a 1-year high of $32.90.

Home BancShares (NYSE:HOMB - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share for the quarter, hitting analysts' consensus estimates of $0.58. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%.The business had revenue of $271.03 million for the quarter, compared to analysts' expectations of $262.56 million. During the same quarter in the prior year, the firm posted $0.52 EPS. The company's revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that Home BancShares will post 2.19 EPS for the current fiscal year.

Insider Transactions at Home BancShares

In related news, CEO John W. Allison sold 110,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total transaction of $3,302,200.00. Following the sale, the chief executive officer owned 5,540,776 shares in the company, valued at approximately $166,334,095.52. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On Home BancShares

Hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Home BancShares by 12.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider's stock valued at $522,000 after purchasing an additional 2,096 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Home BancShares by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 428,649 shares of the financial services provider's stock valued at $12,118,000 after purchasing an additional 4,019 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Home BancShares by 60.8% in the 1st quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 995 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Home BancShares by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider's stock valued at $63,390,000 after purchasing an additional 75,463 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Home BancShares by 48.0% in the 1st quarter. Cerity Partners LLC now owns 18,804 shares of the financial services provider's stock valued at $532,000 after purchasing an additional 6,102 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Home BancShares Company Profile

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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