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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) has been assigned an average rating of “Moderate Buy” from the four analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $31.25.

Several research firms recently issued reports on HOMB. Royal Bank of Canada reaffirmed 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 lifted their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. 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. Hovde Group cut their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.4 %

NYSE HOMB traded up $0.41 during mid-day trading on Friday, reaching $29.85. 137,200 shares of the stock were exchanged, compared to its average volume of 1,076,897. The stock has a market capitalization of $5.93 billion, a PE ratio of 15.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90. The business’s fifty day simple moving average is $29.77 and its 200 day simple moving average is $27.79.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The firm had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. During the same quarter in the prior year, the company earned $0.43 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. On average, research analysts anticipate that Home Bancshares, Inc. will post 2.03 earnings per share for the current fiscal year.

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

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

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the transaction, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at $104,664.24. This trade represents a 36.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jack Engelkes sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the transaction, the director now directly owns 199,195 shares of the company’s stock, valued at $5,999,753.40. This trade represents a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

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.