Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Receives $31.25 Consensus PT from Brokerages

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $32.00.

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of 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. Royal Bank of Canada reaffirmed 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. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Hovde Group reduced their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Stephens reaffirmed an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th.

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

In related news, CAO Jennifer C. Floyd sold 2,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the completion of the sale, the chief accounting officer now directly owns 3,468 shares in the company, valued at $104,664.24. This represents a 36.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James Pat Hickman sold 63,997 shares of the company’s stock in a transaction 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 sale, the director now owns 175,500 shares of the company’s stock, valued at $5,400,135. This represents a 26.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HOMB. UMB Bank n.a. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 186.2% in the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 795 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 in the last quarter. Trust Co. of Vermont bought a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $40,000. Blue Trust Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 528 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter worth $75,000. 67.31% of the stock is currently owned by institutional investors.

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

NYSE HOMB opened at $30.05 on Friday. The company’s 50 day moving average is $29.73 and its 200-day moving average is $28.00. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.90. 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 firm has a market cap of $5.97 billion, a P/E ratio of 14.88 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. During the same period last year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts predict that Home Bancshares, Inc. will post 2.18 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

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.