Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Given "Sector Perform" Rating at Royal Bank of Canada

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report)'s stock had its "sector perform" rating reiterated by research analysts at Royal Bank of Canada in a report issued on Tuesday, Benzinga reports. They presently have a $26.00 price target on the financial services provider's stock. Royal Bank of Canada's price objective points to a potential upside of 7.30% from the company's previous close.

Separately, Piper Sandler boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $25.00.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.0 %

Shares of HOMB stock traded up $0.23 during trading hours on Tuesday, hitting $24.23. 539,783 shares of the company were exchanged, compared to its average volume of 980,114. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 12.43 and a beta of 1.11. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The business's 50-day simple moving average is $23.61 and its two-hundred day simple moving average is $23.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.89.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. The company had revenue of $245.62 million during the quarter, compared to analyst estimates of $238.50 million. Sell-side analysts predict that Home Bancshares, Inc. will post 1.88 EPS for the current fiscal year.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the transaction, the chief executive officer now owns 5,509,982 shares in the company, valued at approximately $125,296,990.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 20,000 shares of the stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of $22.74 per share, with a total value of $454,800.00. Following the completion of the acquisition, the chief executive officer now owns 5,509,982 shares of the company's stock, valued at $125,296,990.68. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the sale, the director now owns 215,854 shares in the company, valued at $5,128,691.04. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HOMB. Mariner LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 5.4% in the third quarter. Mariner LLC now owns 9,954 shares of the financial services provider's stock worth $208,000 after acquiring an additional 511 shares in the last quarter. Arizona State Retirement System boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 1.0% during the third quarter. Arizona State Retirement System now owns 54,856 shares of the financial services provider's stock worth $1,149,000 after buying an additional 526 shares in the last quarter. BTC Capital Management Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 4.9% in the third quarter. BTC Capital Management Inc. now owns 12,413 shares of the financial services provider's stock worth $260,000 after buying an additional 579 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.2% in the third quarter. Mackenzie Financial Corp now owns 11,787 shares of the financial services provider's stock valued at $243,000 after buying an additional 582 shares in the last quarter. Finally, Naples Global Advisors LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.3% during the 3rd quarter. Naples Global Advisors LLC now owns 50,650 shares of the financial services provider's stock valued at $1,061,000 after acquiring an additional 650 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) 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.