Stephens Reiterates Overweight Rating on Home Bancshares (HOMB)

Stephens analyst Matt Olney reiterated an Overweight rating and $30.00 price target on Home Bancshares (NYSE: HOMB)

The analyst comments "Excluding one-time items, we calculate Op. EPS of $0.50, below consensus estimates of $0.53, driven by the previously disclosed elevated LLP expense related to the recent hurricanes (-$0.05 to EPS), partially offset by lower op. expense (+$0.01) and a more favorable tax rate (+$0.01). PPNR of $147 million was above consensus estimates of $146 million. The company repurchased $27 million in shares while still building capital levels. The company will be hosting a call tomorrow at 1 pm CT and we look for commentary around the NIM given the recent Fed cuts. Our rating is Overweight."

For an analyst ratings summary and ratings history on Home Bancshares click here. For more ratings news on Home Bancshares click here.

Shares of Home Bancshares closed at $27.45 yesterday.

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