Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Given New $31.00 Price Target at Piper Sandler

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its target price lifted by Piper Sandler from $30.00 to $31.00 in a research note published on Friday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also weighed in on HOMB. Royal Bank of Canada restated a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday. Stephens reaffirmed an “overweight” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Finally, StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Thursday. One 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. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Hold” and an average price target of $28.25.

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

HOMB stock opened at $26.69 on Friday. The firm has a 50 day moving average of $26.89 and a two-hundred day moving average of $25.31. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $28.99. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 13.76 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The business had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Home Bancshares, Inc. will post 2.07 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.92%. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 427 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after buying an additional 528 shares during the period. Inspire Investing LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 3.6% during the third quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock worth $413,000 after buying an additional 529 shares in the last quarter. Bank of Montreal Can increased its stake in Home Bancshares, Inc. (Conway, AR) by 4.0% during the second quarter. Bank of Montreal Can now owns 18,239 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 701 shares during the period. Finally, UMB Bank n.a. increased its stake in Home Bancshares, Inc. (Conway, AR) by 186.2% during the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 795 shares during the period. 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.