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

Home BancShares (NYSE:HOMB) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other research analysts have also recently weighed in on HOMB. Cantor Fitzgerald reissued a “neutral” rating on shares of Home BancShares in a research note on Thursday, July 16th. Benchmark began coverage on Home BancShares in a research report on Wednesday, June 24th. They issued a “hold” rating on the stock. Weiss Ratings raised Home BancShares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Piper Sandler reiterated an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of Home BancShares in a report on Friday, July 17th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.67.

Home BancShares Trading Down 0.0%

Shares of Home BancShares stock opened at $30.98 on Friday. Home BancShares has a 12-month low of $25.50 and a 12-month high of $31.24. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The stock has a market cap of $6.24 billion, a PE ratio of 12.80 and a beta of 0.68. The company has a 50-day moving average of $28.13 and a two-hundred day moving average of $27.91.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $295.10 million for the quarter, compared to analyst estimates of $288.70 million. Home BancShares had a return on equity of 11.25% and a net margin of 32.10%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS. On average, research analysts anticipate that Home BancShares will post 2.51 EPS for the current fiscal year.

Institutional Trading of Home BancShares

Several large investors have recently added to or reduced their stakes in HOMB. Root Financial Partners LLC grew its stake in shares of Home BancShares by 76.9% during the first quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 474 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Home BancShares by 164.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock worth $30,000 after buying an additional 674 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Home BancShares in the 4th quarter valued at $36,000. Covestor Ltd increased its stake in shares of Home BancShares by 110.6% in the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock valued at $37,000 after buying an additional 697 shares during the period. Finally, Binnacle Investments Inc increased its stake in shares of Home BancShares by 76.7% in the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after buying an additional 577 shares during the period. 67.31% of the stock is owned by institutional investors.

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.