In a report released today, Jon Arfstrom from RBC Capital reiterated a Hold rating on Home Bancshares (HOMB – Research Report), with a price target of $25.00. The company’s shares opened today at $21.93.
Arfstrom covers the Financial sector, focusing on stocks such as Webster Financial, Associated Banc-Corp, and Berkshire Hills. According to TipRanks, Arfstrom has an average return of 11.4% and a 47.64% success rate on recommended stocks.
Currently, the analyst consensus on Home Bancshares is a Moderate Buy with an average price target of $25.00.
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Based on Home Bancshares’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $268.13 million and a net profit of $115.69 million. In comparison, last year the company earned a revenue of $168.3 million and had a net profit of $73.36 million
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Home Bancshares, Inc. is a bank holding company, which engages in the provision of financial services. It primarily offers a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals, and municipalities through its wholly owned community bank subsidiary – Centennial Bank. The company was founded by John W. Allison and Robert H. Adcock Jr. in 1998 and is headquartered in Conway, AR.
Read More on HOMB:
- HOMB’s Balance Sheet Continues to Weather the Storm
- Home Bancshares reports Q1 adjusted EPS 54c, consensus 50c
- Home Bancshares (HOMB) Q1 Earnings Cheat Sheet
- Home BancShares, Inc. Announces First Quarter Earnings Release Date And Conference Call
- Home BancShares, Inc. to Present at the 2023 RBC Capital Markets Global Financial Institutions Conference
