Wall Street Zen Upgrades Home BancShares (NYSE:HOMB) to Hold

Home BancShares (NYSE:HOMB) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also commented on HOMB. Royal Bank Of Canada set a $31.00 target price on Home BancShares in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home BancShares in a report on Monday, December 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $35.00 price objective (up previously from $34.00) on shares of Home BancShares in a research note on Friday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.60.

Home BancShares Trading Up 0.2%

Shares of Home BancShares stock opened at $28.93 on Friday. The firm’s 50 day simple moving average is $28.12 and its two-hundred day simple moving average is $28.39. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 12.00 and a beta of 0.78. Home BancShares has a 12-month low of $24.22 and a 12-month high of $31.27. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $282.09 million for the quarter, compared to the consensus estimate of $272.48 million. Home BancShares had a return on equity of 11.16% and a net margin of 32.18%.The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS. Analysts predict that Home BancShares will post 2.19 EPS for the current year.

Institutional Trading of Home BancShares

Several institutional investors have recently modified their holdings of HOMB. BTC Capital Management Inc. raised its holdings in shares of Home BancShares by 2.3% during the 2nd quarter. BTC Capital Management Inc. now owns 16,683 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 374 shares during the period. Quadrant Capital Group LLC increased its position in Home BancShares by 4.3% during the third quarter. Quadrant Capital Group LLC now owns 10,360 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 425 shares during the last quarter. Inspire Advisors LLC increased its position in Home BancShares by 1.8% during the third quarter. Inspire Advisors LLC now owns 24,720 shares of the financial services provider’s stock worth $700,000 after purchasing an additional 435 shares during the last quarter. Arizona State Retirement System raised its stake in Home BancShares by 0.8% during the third quarter. Arizona State Retirement System now owns 55,511 shares of the financial services provider’s stock worth $1,571,000 after purchasing an additional 463 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its holdings in Home BancShares by 0.7% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 66,765 shares of the financial services provider’s stock valued at $1,900,000 after purchasing an additional 469 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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.