Piper Sandler lowered the firm’s price target on Home BancShares (HOMB) to $34 from $35 and keeps an Overweight rating on the shares. The firm notes Home BancShares delivered its Q3 results, which include margin expansion and positively trending profitability. Net interest income and net interest margin improved sequentially, while loan/deposit growth was a bit underwhelming, but drove a positive mix shift overall.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOMB: