Home Bancshares, Inc. (Conway, AR)'s (HOMB) Overweight Rating Reiterated at Stephens

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report)'s stock had its "overweight" rating reissued by investment analysts at Stephens in a research note issued on Monday,Benzinga reports. They presently have a $33.00 target price on the financial services provider's stock. Stephens' price objective would suggest a potential upside of 19.35% from the stock's previous close.

Several other analysts have also recently weighed in on the stock. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Hovde Group decreased their price target 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $32.40.

Home Bancshares, Inc. (Conway, AR) Price Performance

NYSE HOMB traded down $0.17 during trading on Monday, reaching $27.65. 717,437 shares of the company traded hands, compared to its average volume of 1,021,081. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 13.69 and a beta of 0.93. The stock's 50 day moving average price is $27.77 and its two-hundred day moving average price is $28.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. The firm had revenue of $260.08 million for the quarter, compared to analysts' expectations of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. As a group, analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current year.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,500 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the transaction, the chief accounting officer now directly owns 4,301 shares in the company, valued at approximately $118,062.45. This represents a 36.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

Several institutional investors and hedge funds have recently made changes to their positions in HOMB. Barclays PLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 65.2% during the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider's stock worth $11,458,000 after acquiring an additional 166,927 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth $254,000. Central Pacific Bank Trust Division raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 13.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,640 shares of the financial services provider's stock worth $188,000 after acquiring an additional 780 shares during the period. Harbor Capital Advisors Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider's stock valued at $1,979,000 after acquiring an additional 374 shares in the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $40,000. Institutional investors 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.