Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) PT Raised to $28.00 at Stephens

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price objective hoisted by Stephens from $27.00 to $28.00 in a research report released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

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

Home Bancshares, Inc. (Conway, AR) Trading Up 3.4 %

HOMB opened at $24.00 on Friday. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The company has a market cap of $4.83 billion, a P/E ratio of 12.37 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.90. The business’s 50-day simple moving average is $23.56 and its 200-day simple moving average is $23.14.

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

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 14th were paid a $0.18 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 3.00%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 37.11%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In related news, CEO John W. Allison bought 20,000 shares of the stock in a transaction on Monday, February 5th. The shares were bought at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the purchase, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at approximately $125,296,990.68. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $22.74 per share, with a total value of $454,800.00. Following the acquisition, the chief executive officer now directly owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Donna Townsell sold 22,729 shares of the firm’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 completion of the sale, the director now directly owns 215,854 shares of the company’s stock, 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)

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.7% in the 1st quarter. BlackRock Inc. now owns 22,957,572 shares of the financial services provider’s stock valued at $498,409,000 after buying an additional 154,993 shares during the period. Vanguard Group Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 1.2% during the third quarter. Vanguard Group Inc. now owns 20,900,440 shares of the financial services provider’s stock worth $470,469,000 after purchasing an additional 252,844 shares during the last quarter. State Street Corp raised its holdings in Home Bancshares, Inc. (Conway, AR) by 6.3% during the third quarter. State Street Corp now owns 8,794,022 shares of the financial services provider’s stock worth $197,953,000 after purchasing an additional 521,232 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Home Bancshares, Inc. (Conway, AR) by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,496,911 shares of the financial services provider’s stock worth $139,240,000 after purchasing an additional 432,091 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 4.3% during the first quarter. Geode Capital Management LLC now owns 3,626,130 shares of the financial services provider’s stock worth $78,723,000 after purchasing an additional 150,416 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Home Bancshares, Inc. (Conway, AR) Company Profile

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.