Home Bancshares, Inc. (Conway, AR)’s (HOMB) “Overweight” Rating Reaffirmed at Stephens

Stephens restated their overweight rating on shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in a report published on Thursday morning,Benzinga reports. The brokerage currently has a $34.00 price target on the financial services provider’s stock.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler increased 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. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $31.25.

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

Shares of NYSE:HOMB opened at $29.49 on Thursday. The company has a market cap of $5.86 billion, a P/E ratio of 15.20 and a beta of 1.10. The business has a fifty day simple moving average of $29.77 and a 200-day simple moving average of $27.79. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted 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). The business had revenue of $258.40 million during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. Equities research analysts forecast that Home Bancshares, Inc. will post 2.03 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a yield of 2.64%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 40.21%.

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

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of the 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 completion of the sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $30.18, for a total transaction of $60,360.00. Following the transaction, the chief accounting officer now directly owns 3,468 shares in the company, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 90,997 shares of company stock worth $2,782,548. Corporate insiders own 7.66% of the company’s stock.

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

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC boosted its holdings 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 valued at $352,520,000 after purchasing an additional 1,253,259 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% in 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 buying an additional 490,718 shares during the last quarter. AQR Capital Management LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 465.2% in the second quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider’s stock valued at $7,671,000 after acquiring an additional 264,627 shares in the last quarter. Barclays PLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 65.2% during the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock valued at $11,458,000 after acquiring an additional 166,927 shares during the last quarter. Finally, Creative Planning grew its holdings in Home Bancshares, Inc. (Conway, AR) by 38.2% during the 2nd 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. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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.