Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Given Average Rating of “Moderate Buy” by Brokerages

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) has been assigned an average recommendation of “Moderate Buy” from the four research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $31.25.

Several brokerages have recently commented on HOMB. Royal Bank of Canada restated a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Piper Sandler upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Stephens reiterated an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday. Keefe, Bruyette & Woods raised their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th.

Insider Buying and Selling

In related news, Director James Pat Hickman sold 63,997 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the transaction, the director now directly owns 175,500 shares in the company, valued at approximately $5,400,135. This represents a 26.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jack Engelkes sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the completion of the transaction, the director now directly owns 199,195 shares in the company, valued at $5,999,753.40. The trade was a 11.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,997 shares of company stock valued at $2,782,548. Corporate insiders own 7.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HOMB. International Assets Investment Management LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after acquiring an additional 1,253,259 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock valued at $156,946,000 after purchasing an additional 490,718 shares during the last quarter. AQR Capital Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 465.2% during the 2nd quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider’s stock worth $7,671,000 after buying an additional 264,627 shares during the last quarter. Barclays PLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 65.2% in the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock valued at $11,458,000 after purchasing an additional 166,927 shares in the last quarter. Finally, Creative Planning raised its position in Home Bancshares, Inc. (Conway, AR) by 38.2% in the second quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock worth $14,422,000 after acquiring an additional 166,324 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Price Performance

Shares of NYSE:HOMB traded up $0.41 during trading on Friday, reaching $29.85. 137,200 shares of the company traded hands, compared to its average volume of 1,076,897. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The company’s 50 day moving average is $29.77 and its two-hundred day moving average is $27.79. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $5.93 billion, a PE ratio of 15.41 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. As a group, sell-side analysts predict that Home Bancshares, Inc. will post 2.03 earnings per share for the current year.

Home Bancshares, Inc. (Conway, AR) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 40.21%.

About Home Bancshares, Inc. (Conway, AR)

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.