Royal Bank of Canada Increases Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target to $28.00

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its target price increased by Royal Bank of Canada from $27.00 to $28.00 in a report published on Friday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a sell rating to a hold rating in a report on Thursday, July 18th. Piper Sandler lifted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an overweight rating in a report on Friday. Finally, Stephens reiterated an overweight rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $27.25.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.8 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $27.64 on Friday. The firm has a market capitalization of $5.54 billion, a PE ratio of 14.25 and a beta of 1.07. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $27.77. The firm’s 50-day moving average price is $23.93 and its 200 day moving average price is $23.87. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $254.60 million for the quarter, compared to analyst estimates of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The business’s revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. On average, sell-side analysts predict that Home Bancshares, Inc. will post 2.02 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, June 5th. Shareholders of record on Wednesday, May 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 37.11%.

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

In other news, insider Kevin Hester sold 25,263 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Friday, July 19th. The shares were sold at an average price of $27.00, for a total transaction of $682,101.00. Following the completion of the sale, the insider now directly owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Kevin Hester sold 25,263 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the sale, the insider now directly owns 114,912 shares of the company’s stock, valued at $3,102,624. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Brian Davis sold 20,544 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The disclosure for this sale can be found here. In the last three months, insiders sold 48,140 shares of company stock valued at $1,243,068. Insiders own 7.66% of the company’s stock.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amarillo National Bank raised its holdings in shares of 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 buying an additional 50,000 shares during the last quarter. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $2,478,000. Norges Bank purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $54,498,000. Louisiana State Employees Retirement System purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $1,335,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $1,257,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

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.