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Fly News Breaks for January 17, 2020
HOMB
Jan 17, 2020 | 08:18 EDT
RBC Capital analyst Jon Arfstrom raised his price target on Home Bancshares to $22 but kept his Sector Perform rating after its Q4 earnings beat. The analyst sees the company's fundamentals as "stable" with its "disciplined" loan and deposit pricing, driving its core margin "stability" amid a challenging competitive and interest rate environment. Arfstrom adds that while Home Bancshares' loan growth has been modest, its profitability is "peer leading" and its credit remains strong.
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