Stephens raised the firm’s price target on Home BancShares to $28 from $27 and keeps an Overweight rating on the shares. Q1 results were highlighted by “excellent” net interest income trends that exceeded the consensus forecast by 2%, the analyst tells investors. When M&A volumes return to the industry, the firm considers Home BancShares “one of the best positioned acquirers in the region” due to its strong capital, premium valuation and M&A integration experience, the analyst added.
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