Keefe, Bruyette & Woods Boosts Home BancShares (NYSE:HOMB) Price Target to $32.00

Home BancShares (NYSE:HOMB - Get Free Report) had its target price increased by research analysts at Keefe, Bruyette & Woods from $30.00 to $32.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 6.13% from the company's current price.

A number of other analysts have also weighed in on the stock. Stephens reissued an "overweight" rating and issued a $33.00 price objective on shares of Home BancShares in a research report on Monday, April 21st. Royal Bank Of Canada reduced their target price on shares of Home BancShares from $33.00 to $31.00 and set a "sector perform" rating for the company in a report on Monday, April 21st. Wall Street Zen upgraded shares of Home BancShares from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Piper Sandler upped their target price on Home BancShares from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Home BancShares currently has an average rating of "Moderate Buy" and a consensus price target of $33.20.

Home BancShares Stock Performance

HOMB stock traded down $0.04 during midday trading on Monday, reaching $30.15. 105,067 shares of the company's stock traded hands, compared to its average volume of 999,278. Home BancShares has a 52-week low of $24.22 and a 52-week high of $32.91. The stock has a market cap of $5.95 billion, a P/E ratio of 13.78 and a beta of 0.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock's 50-day moving average is $28.69 and its 200 day moving average is $28.57.

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

Insider Buying and Selling at Home BancShares

In other Home BancShares news, CEO John Stephen Tipton sold 24,159 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $27.52, for a total value of $664,855.68. Following the completion of the transaction, the chief executive officer owned 53,308 shares in the company, valued at approximately $1,467,036.16. This represents a 31.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kevin Hester sold 7,128 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total value of $204,359.76. Following the completion of the transaction, the insider owned 124,912 shares of the company's stock, valued at $3,581,227.04. The trade was a 5.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,787 shares of company stock worth $937,840. 6.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Home BancShares by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider's stock worth $574,263,000 after buying an additional 121,845 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Home BancShares by 2.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,404,440 shares of the financial services provider's stock worth $237,594,000 after buying an additional 196,563 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Home BancShares by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,791,837 shares of the financial services provider's stock worth $192,211,000 after buying an additional 124,891 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 worth $63,390,000 after buying an additional 75,463 shares during the last quarter. Finally, Norges Bank acquired a new stake in Home BancShares in the 4th quarter worth about $60,169,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

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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