Cantor Fitzgerald Issues Pessimistic Forecast for Home BancShares (NYSE:HOMB) Stock Price

Home BancShares (NYSE:HOMB) had its price target decreased by stock analysts at Cantor Fitzgerald from $32.00 to $31.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 14.01% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada set a $31.00 target price on Home BancShares in a report on Monday, January 12th. Weiss Ratings restated a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. Zacks Research raised shares of Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Piper Sandler reiterated an “overweight” rating and issued a $35.00 price objective (up from $34.00) on shares of Home BancShares in a research note on Friday, January 16th. Finally, Wall Street Zen downgraded shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.40.

Home BancShares Stock Performance

Home BancShares stock traded down $0.78 during mid-day trading on Tuesday, reaching $27.19. 73,165 shares of the company traded hands, compared to its average volume of 1,342,076. The firm’s fifty day moving average is $28.80 and its two-hundred day moving average is $28.44. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 11.29 and a beta of 0.78. Home BancShares has a fifty-two week low of $24.22 and a fifty-two week high of $30.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.90.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The business had revenue of $269.25 million during the quarter, compared to the consensus estimate of $272.48 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities research analysts expect that Home BancShares will post 2.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Home BancShares

In related news, Director Donna Townsell sold 5,563 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $28.38, for a total transaction of $157,877.94. Following the transaction, the director directly owned 218,460 shares in the company, valued at approximately $6,199,894.80. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John W. Allison II sold 5,000 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $28.19, for a total transaction of $140,950.00. Following the completion of the sale, the director owned 651,995 shares of the company’s stock, valued at approximately $18,379,739.05. The trade was a 0.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HOMB. Great Lakes Advisors LLC grew its stake in shares of Home BancShares by 92.6% in the third quarter. Great Lakes Advisors LLC now owns 216,728 shares of the financial services provider’s stock worth $6,133,000 after acquiring an additional 104,212 shares in the last quarter. Vest Financial LLC increased its holdings in Home BancShares by 82.9% during the 3rd quarter. Vest Financial LLC now owns 134,033 shares of the financial services provider’s stock worth $3,793,000 after purchasing an additional 60,753 shares during the period. American Century Companies Inc. raised its position in Home BancShares by 14.7% in the 2nd quarter. American Century Companies Inc. now owns 4,876,022 shares of the financial services provider’s stock valued at $138,772,000 after purchasing an additional 626,655 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in Home BancShares by 490.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 77,379 shares of the financial services provider’s stock valued at $2,190,000 after purchasing an additional 64,269 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Home BancShares in the 2nd quarter valued at about $5,825,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

About Home BancShares

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.