Home BancShares (NYSE:HOMB) Raised to Strong-Buy at Zacks Research

Home BancShares (NYSE:HOMB) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

HOMB has been the topic of a number of other research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada set a $31.00 price target on shares of Home BancShares in a report on Monday, January 12th. Finally, Piper Sandler reissued 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Home BancShares currently has an average rating of “Moderate Buy” and a consensus target price of $32.60.

Home BancShares Stock Down 1.5%

Shares of HOMB opened at $28.52 on Monday. The firm has a 50 day simple moving average of $28.17 and a two-hundred day simple moving average of $28.37. 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 has a one year low of $24.22 and a one year high of $31.27. The company has a market cap of $5.60 billion, a P/E ratio of 11.83 and a beta of 0.78.

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

Hedge Funds Weigh In On Home BancShares

Several large investors have recently modified their holdings of the business. Vest Financial LLC lifted its holdings in Home BancShares by 22.5% during the 2nd quarter. Vest Financial LLC now owns 73,280 shares of the financial services provider’s stock worth $2,086,000 after buying an additional 13,473 shares during the period. American Century Companies Inc. raised its position in shares of Home BancShares by 14.7% during the second quarter. American Century Companies Inc. now owns 4,876,022 shares of the financial services provider’s stock worth $138,772,000 after acquiring an additional 626,655 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Home BancShares during the second quarter worth about $5,825,000. Gutierrez Wealth Advisory LLC lifted its stake in shares of Home BancShares by 66.4% in the second quarter. Gutierrez Wealth Advisory LLC now owns 34,147 shares of the financial services provider’s stock worth $972,000 after acquiring an additional 13,632 shares during the period. Finally, AlphaQuest LLC bought a new stake in Home BancShares in the second quarter valued at approximately $2,325,000. Institutional investors own 67.31% of the company’s stock.

Home BancShares Company Profile

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.