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

Stephens reissued their overweight rating on shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in a report published on Thursday,Benzinga reports. They currently have a $34.00 price objective on the financial services provider’s stock.

Several other equities analysts have also recently commented on HOMB. Piper Sandler upped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods upped 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. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a 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 research report on Friday, October 18th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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

NYSE:HOMB opened at $30.43 on Thursday. The company has a market capitalization of $6.05 billion, a P/E ratio of 15.69 and a beta of 1.10. The stock’s 50 day moving average price is $29.78 and its 200 day moving average price is $27.86. 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 52 week low of $22.38 and a 52 week high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The business had revenue of $258.40 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. On average, research analysts forecast that Home Bancshares, Inc. will post 2.03 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 40.21%.

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

In related news, Director Jack Engelkes sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the sale, the director now directly owns 199,195 shares in the company, valued at approximately $5,999,753.40. The trade was a 11.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Pat Hickman sold 63,997 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the transaction, the director now directly owns 175,500 shares of the company’s stock, valued at approximately $5,400,135. This represents a 26.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,997 shares of company stock valued at $2,782,548 over the last ninety days. Corporate insiders own 7.66% of the company’s stock.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 2,609.0% during 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 buying an additional 1,253,259 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 8.1% in the 2nd 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 period. AQR Capital Management LLC grew its position 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 buying an additional 264,627 shares during the last quarter. Barclays PLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 65.2% during the third quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock valued at $11,458,000 after buying an additional 166,927 shares during the period. Finally, Creative Planning raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 38.2% during the second quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock valued at $14,422,000 after acquiring an additional 166,324 shares in the last quarter. Hedge funds and other institutional investors 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.