RBC Capital Keeps Their Hold Rating on Home Bancshares (HOMB)

In a report issued on July 13, Jon Arfstrom from RBC Capital maintained a Hold rating on Home Bancshares (HOMBResearch Report), with a price target of $25.00. The company’s shares closed last Thursday at $20.66, close to its 52-week low of $19.83.

According to, Arfstrom is a 5-star analyst with an average return of 20.1% and a 53.5% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and Provident Financial Services.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Home Bancshares with a $26.50 average 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 $159 million and net profit of $64.89 million. In comparison, last year the company earned revenue of $191 million and had a net profit of $91.6 million.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HOMB in relation to earlier this year.

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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.

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