Home BancShares (NYSE:HOMB) Stock Rating Upgraded by Wall Street Zen

Key Points

• Home BancShares was upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment.
• The stock's average price target is now $32.83, with ratings ranging from "Buy" to "Market Perform" among various analysts.
• In its latest earnings report, Home BancShares reported an EPS of $0.61, beating estimates and showing a 7.6% revenue increase year-over-year.

Home BancShares (NYSE:HOMB - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

HOMB has been the topic of several other reports. Cantor Fitzgerald assumed coverage on Home BancShares in a research report on Wednesday, September 10th. They issued a "neutral" rating and a $32.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a research report on Monday, July 21st. Piper Sandler set a $34.00 price target on Home BancShares and gave the company an "overweight" rating in a research note on Friday, October 17th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Home BancShares in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $32.83.

Home BancShares Stock Up 0.7%

HOMB opened at $27.38 on Friday. Home BancShares has a 12 month low of $24.22 and a 12 month high of $32.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $5.40 billion, a P/E ratio of 11.80 and a beta of 0.78. The stock's 50 day moving average price is $28.65 and its 200 day moving average price is $28.37.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its earnings results on Wednesday, October 15th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Home BancShares had a return on equity of 10.94% and a net margin of 31.20%.The firm had revenue of $277.70 million for the quarter, compared to analysts' expectations of $269.96 million. During the same period last year, the firm earned $0.50 EPS. The firm's revenue was up 7.6% compared to the same quarter last year. As a group, research analysts predict that Home BancShares will post 2.19 earnings per share for the current year.

Insider Buying and Selling at Home BancShares

In other news, CEO John W. Allison sold 110,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $30.02, for a total transaction of $3,302,200.00. Following the completion of the sale, the chief executive officer directly owned 5,540,776 shares of the company's stock, valued at $166,334,095.52. This trade represents a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Home BancShares

Several large investors have recently modified their holdings of the stock. Fenimore Asset Management Inc boosted its stake in shares of Home BancShares by 0.3% during the 3rd quarter. Fenimore Asset Management Inc now owns 513,828 shares of the financial services provider's stock worth $14,541,000 after acquiring an additional 1,785 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of Home BancShares during the 3rd quarter worth $208,000. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Home BancShares by 1.6% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 713,618 shares of the financial services provider's stock worth $20,195,000 after acquiring an additional 11,235 shares in the last quarter. CWM LLC boosted its stake in shares of Home BancShares by 68.9% during the 3rd quarter. CWM LLC now owns 28,404 shares of the financial services provider's stock worth $804,000 after acquiring an additional 11,589 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of Home BancShares during the 3rd quarter worth $683,000. 67.31% of the stock is owned by institutional investors.

About Home BancShares

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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