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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price target boosted by Stephens from $27.00 to $28.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

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

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

HOMB opened at $24.00 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The company’s fifty day moving average price is $23.56 and its two-hundred day moving average price is $23.14. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $25.80. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 12.37 and a beta of 1.11.

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

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

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

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the transaction, the director now directly owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, 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 transaction, the director now owns 215,854 shares in the company, valued at $5,128,691.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Allison bought 20,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was purchased at an average price of $22.74 per share, for a total transaction 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 approximately $125,296,990.68. The disclosure for this purchase can be found here. Insiders own 7.66% of the company’s stock.

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

Several large investors have recently added to or reduced their stakes in the stock. Amarillo National Bank boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 96.8% in the first quarter. Amarillo National Bank now owns 101,649 shares of the financial services provider’s stock valued at $2,498,000 after acquiring an additional 50,000 shares in the last quarter. State of Michigan Retirement System boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 2.2% in the first quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock valued at $1,131,000 after acquiring an additional 1,000 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at $4,738,000. Kwmg LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 2.0% in the first quarter. Kwmg LLC now owns 242,958 shares of the financial services provider’s stock valued at $5,969,000 after acquiring an additional 4,877 shares in the last quarter. Finally, BTC Capital Management Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at $339,000. 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.