Stephens Boosts Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target to $28.00

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price objective raised by Stephens from $27.00 to $28.00 in a report published on Friday, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other research analysts also recently weighed in on HOMB. Piper Sandler raised their price objective on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an overweight rating in a research note on Friday, January 19th. Royal Bank of Canada reissued a sector perform rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $26.00.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.2 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $24.29 on Friday. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 12.52 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.89. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $25.80. The stock has a 50-day simple moving average of $23.57 and a 200-day simple moving average of $23.19.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The business had revenue of $246.40 million during the quarter, compared to analyst estimates of $240.46 million. During the same period in the previous year, the company earned $0.54 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. On average, equities research analysts expect that Home Bancshares, Inc. will post 1.88 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 14th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 37.11%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 20,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were bought at an average cost of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief executive officer now directly owns 5,509,982 shares in the company, valued at approximately $125,296,990.68. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO John W. Allison acquired 20,000 shares of the stock in a transaction dated Monday, February 5th. The shares were acquired at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the transaction, the chief executive officer now owns 5,509,982 shares in the company, valued at approximately $125,296,990.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna Townsell sold 22,729 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the sale, the director now owns 215,854 shares in the company, valued at $5,128,691.04. The disclosure for this sale can be found here. Company insiders own 7.66% of the company’s stock.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

A number of institutional investors and hedge funds have recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.0% during the third quarter. Arizona State Retirement System now owns 54,856 shares of the financial services provider’s stock valued at $1,149,000 after purchasing an additional 526 shares during the period. BTC Capital Management Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 4.9% during the third quarter. BTC Capital Management Inc. now owns 12,413 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 579 shares during the period. Mackenzie Financial Corp boosted its stake in Home Bancshares, Inc. (Conway, AR) by 5.2% in the 3rd quarter. Mackenzie Financial Corp now owns 11,787 shares of the financial services provider’s stock valued at $243,000 after buying an additional 582 shares in the last quarter. Naples Global Advisors LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 1.3% in the 3rd quarter. Naples Global Advisors LLC now owns 50,650 shares of the financial services provider’s stock valued at $1,061,000 after buying an additional 650 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 189.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after buying an additional 677 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

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.