Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) from a sell rating to a hold rating in a research report report published on Friday morning.

A number of other analysts have also recently commented on the company. Stephens reissued an “overweight” rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. 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 note on Friday, January 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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

Shares of HOMB stock opened at $26.40 on Friday. The business’s fifty day moving average is $28.06 and its 200 day moving average is $28.77. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 13.07 and a beta of 0.93. Home Bancshares, Inc. has a twelve month low of $22.42 and a twelve month high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $260.08 million during the quarter, compared to analyst estimates of $255.20 million. Research 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 declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following the transaction, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

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