KBW Remains a Hold on Home Bancshares (HOMB)
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According to TipRanks, Mcgratty is a 5-star analyst with an average return of 12.1% and a 69.29% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Comerica, Webster Financial, and Bank of America.
Home Bancshares has an analyst consensus of Moderate Buy, with a price target consensus of $32.00, which is a 6.00% upside from current levels. In a report released yesterday, Citi also maintained a Hold rating on the stock with a $30.00 price target.
Based on Home Bancshares' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $354.8 million and a net profit of $115.21 million. In comparison, last year the company earned a revenue of $355.29 million and had a net profit of $100.11 million
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HOMB in relation to earlier this year. Last month, JOHN STEPHEN TIPTON, the Centennial Bank CEO of HOMB sold 24,159.00 shares for a total of $664,855.68.
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