Cantor Fitzgerald Forecasts Strong Price Appreciation for Home BancShares (NYSE:HOMB) Stock

Home BancShares (NYSE:HOMB) had its target price upped by analysts at Cantor Fitzgerald from $31.00 to $32.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Cantor Fitzgerald‘s price target would suggest a potential upside of 7.04% from the company’s previous close.

HOMB has been the subject of a number of other reports. Keefe, Bruyette & Woods lifted their target price on Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. Stephens increased their price target on Home BancShares from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Weiss Ratings restated a “buy (b)” rating on shares of Home BancShares in a research note on Tuesday, November 3rd. Hovde Group assumed coverage on Home BancShares in a research note on Tuesday, September 8th. They set an “outperform” rating and a $34.00 price target on the stock. Finally, UBS Group restated a “buy” rating on shares of Home BancShares in a report on Friday, October 16th. Five 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.71.

Home BancShares Stock Performance

Home BancShares stock opened at $29.89 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $5.98 billion, a PE ratio of 12.25 and a beta of 0.73. The company has a 50 day moving average price of $29.39 and a 200-day moving average price of $28.59. Home BancShares has a fifty-two week low of $25.50 and a fifty-two week high of $31.70.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. Home BancShares had a return on equity of 11.14% and a net margin of 32.36%. The company had revenue of $288.44 million for the quarter, compared to analysts’ expectations of $294.42 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Home BancShares’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts forecast that Home BancShares will post 2.53 earnings per share for the current year.

Insider Transactions at Home BancShares

In related news, Director John W. Allison II sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $30.06, for a total value of $405,810.00. Following the completion of the transaction, the director owned 636,495 shares of the company’s stock, valued at $19,133,039.70. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.39% of the stock is currently owned by insiders.

Institutional Trading of Home BancShares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its holdings in shares of Home BancShares by 490.4% in the 3rd quarter. IFP Advisors Inc now owns 1,293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,074 shares during the period. Trust Co. of Vermont bought a new position in shares of Home BancShares in the 2nd quarter worth $41,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Home BancShares during the 3rd quarter worth $41,000. Ancora Advisors LLC purchased a new stake in shares of Home BancShares during the 2nd quarter worth $45,000. Finally, Parallel Advisors LLC lifted its stake in shares of Home BancShares by 62.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,620 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 623 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

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