Brokerages Set Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) PT at $32.00

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) has earned an average rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $32.00.

A number of analysts have recently commented on HOMB shares. Keefe, Bruyette & Woods boosted their target price 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 note on Wednesday, December 4th. Hovde Group reduced their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Stephens reaffirmed an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th.

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

NYSE:HOMB opened at $28.36 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.91. The stock’s 50-day moving average price is $29.50 and its 200-day moving average price is $28.81. The stock has a market capitalization of $5.63 billion, a PE ratio of 14.04 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data 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 analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. As a group, equities analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a $0.195 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.75%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

Insider Activity

In related news, CEO John W. Allison acquired 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the acquisition, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.66% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HOMB. Aster Capital Management DIFC Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $28,000. Trust Co. of Vermont acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $40,000. Nomura Asset Management Co. Ltd. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 48.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 530 shares in the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $53,000. Finally, UMB Bank n.a. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% in the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after buying an additional 777 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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.