Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Given New $31.00 Price Target at Royal Bank of Canada

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price target decreased by research analysts at Royal Bank of Canada from $33.00 to $31.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price points to a potential upside of 18.37% from the stock’s current price.

Several other research analysts also recently commented on HOMB. Stephens reaffirmed an “overweight” rating and issued a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday. Hovde Group lowered their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.40.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.0 %

NYSE:HOMB traded down $0.27 during trading hours on Monday, reaching $26.19. The company’s stock had a trading volume of 525,112 shares, compared to its average volume of 1,151,947. The firm has a 50-day simple moving average of $28.06 and a 200-day simple moving average of $28.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a 1 year low of $22.42 and a 1 year high of $32.90. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 12.97 and a beta of 0.93.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. The firm had revenue of $260.08 million for the quarter, compared to the consensus estimate of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. Research analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were acquired at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the acquisition, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 65.2% in the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock worth $11,458,000 after purchasing an additional 166,927 shares in the last quarter. Franklin Resources Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth approximately $254,000. Central Pacific Bank Trust Division lifted its position in Home Bancshares, Inc. (Conway, AR) by 13.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,640 shares of the financial services provider’s stock valued at $188,000 after acquiring an additional 780 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 0.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock valued at $1,979,000 after purchasing an additional 374 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $40,000. Institutional investors own 67.31% of the company’s stock.

About Home Bancshares, Inc. (Conway, AR)

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.