In a report released today, Stephen Scouten from Piper Sandler maintained a Buy rating on Home Bancshares (HOMB – Research Report), with a price target of $27.00. The company’s shares closed last Friday at $24.14.
According to TipRanks, Scouten is a 4-star analyst with an average return of 4.0% and a 51.96% success rate. Scouten covers the Financial sector, focusing on stocks such as Hilltop Holdings, Cadence Bank, and Bank OZK.
Currently, the analyst consensus on Home Bancshares is a Moderate Buy with an average price target of $26.67, representing a 10.48% upside. In a report released on July 21, Stephens also maintained a Buy rating on the stock with a $27.00 price target.
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Based on Home Bancshares’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $248.76 million and a net profit of $102.96 million. In comparison, last year the company earned a revenue of $161.82 million and had a net profit of $64.89 million
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2023, Ross Larry W, a Director at HOMB bought 1,500.00 shares for a total of $25,770.00.
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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:
- Home BancShares, Inc. Announces Third Quarter Cash Dividend
- HOMB’s Safe Harbor for Uninsured Deposits, Strong Asset Quality and Profitability Among Shining Stars in the Second Quarter of 2023
- Home Bancshares reports Q2 adjusted EPS 52c, consensus 51c
- HOMB Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Home BancShares, Inc. Announces Second Quarter Earnings Release Date and Conference Call
