Home Bancshares Receives a Buy from Stephens

By Carrie Williams

In a report released today, Matt Olney from Stephens reiterated a Buy rating on Home Bancshares (NASDAQ: HOMB). The company’s shares closed yesterday at $25.28.

According to TipRanks.com, Olney is a 4-star analyst with an average return of 23.1% and a 66.7% success rate. Olney covers the Financial sector, focusing on stocks such as Texas Capital Bancshares, Independent Bank Group, and LegacyTexas Financial.

Home Bancshares has an analyst consensus of Moderate Buy, with a price target consensus of $30.

Based on Home Bancshares’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $135 million and quarterly net profit of $48.59 million. In comparison, last year the company earned revenue of $125 million and had a net profit of $41.43 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, James Hinkle, a Director at HOMB bought 4,752 shares for a total of $20,434.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Home Bancshares, Inc. (Arkansas) operates as a community bank holding company providing a range of banking and financial services among individual, corporate, real estate developers, investors, and municipalities customers. It offers commercial and retail including loan, investments, trust and accounts. The company was founded by John W. Allison and Robert H. Adcock Jr. in 1998 and is headquartered in Conway, AR.