Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Reaches New 52-Week High – What’s Next?

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $31.33 and last traded at $31.17, with a volume of 275813 shares trading hands. The stock had previously closed at $31.25.

Analysts Set New Price Targets

HOMB has been the subject of a number of recent analyst reports. Piper Sandler raised their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Stephens upped their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.8 %

The company has a market cap of $6.12 billion, a price-to-earnings ratio of 16.08 and a beta of 1.05. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $27.29 and a two-hundred day simple moving average of $25.87.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The business had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. During the same quarter in the prior year, the company posted $0.47 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts forecast that Home Bancshares, Inc. will post 2.04 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 40.21%.

Insider Buying and Selling

In related news, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the sale, the director now directly owns 199,195 shares in the company, valued at $5,999,753.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the sale, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at $104,664.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jack Engelkes sold 25,000 shares of the stock in a transaction dated 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 owns 199,195 shares in the company, valued at $5,999,753.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

A number of institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) during the first quarter worth $543,000. Harbor Capital Advisors Inc. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 292.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,274 shares of the financial services provider’s stock worth $773,000 after purchasing an additional 24,052 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 15.0% during the 1st quarter. Bessemer Group Inc. now owns 44,216 shares of the financial services provider’s stock valued at $1,087,000 after purchasing an additional 5,780 shares during the last quarter. Sei Investments Co. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 5.8% in the first quarter. Sei Investments Co. now owns 806,071 shares of the financial services provider’s stock worth $19,805,000 after purchasing an additional 44,026 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 426.7% in the 2nd quarter. SG Americas Securities LLC now owns 51,289 shares of the financial services provider’s stock valued at $1,229,000 after purchasing an additional 41,551 shares during the period. 67.31% of the stock is owned by institutional investors.

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.