Stephens Reiterates Overweight Rating for Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Stephens reiterated their overweight rating on shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in a research note published on Thursday morning, Benzinga reports. They currently have a $28.00 price objective on the financial services provider’s stock.

Several other equities research analysts also recently commented on the company. Royal Bank of Canada raised their target price on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company a sector perform rating in a report on Tuesday, July 9th. StockNews.com downgraded Home Bancshares, Inc. (Conway, AR) from a hold rating to a sell rating in a report on Saturday, June 22nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $27.25.

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

Shares of NYSE:HOMB opened at $27.14 on Thursday. The company has a market cap of $5.44 billion, a P/E ratio of 13.99 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $27.39. The business’s 50-day simple moving average is $23.93 and its 200 day simple moving average is $23.87.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $254.60 million for the quarter, compared to the consensus estimate of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. On average, sell-side analysts forecast that Home Bancshares, Inc. will post 2.02 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.72 annualized dividend and a yield of 2.65%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 37.11%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 20,544 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total transaction of $503,738.88. Following the sale, the chief financial officer now directly owns 89,192 shares in the company, valued at approximately $2,186,987.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Brian Davis sold 20,544 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the sale, the chief financial officer now directly owns 89,192 shares in the company, valued at approximately $2,186,987.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at $24,530. The disclosure for this sale can be found here. 7.66% of the stock is owned by company insiders.

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

A number of institutional investors have recently made changes to their positions in HOMB. Raymond James & Associates increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 7.9% in the 4th quarter. Raymond James & Associates now owns 110,198 shares of the financial services provider’s stock valued at $2,791,000 after acquiring an additional 8,110 shares during the last quarter. Pacer Advisors Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 78.6% during the 4th quarter. Pacer Advisors Inc. now owns 28,209 shares of the financial services provider’s stock worth $715,000 after buying an additional 12,418 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in Home Bancshares, Inc. (Conway, AR) by 4.5% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 736,832 shares of the financial services provider’s stock worth $18,664,000 after buying an additional 31,790 shares during the last quarter. Fenimore Asset Management Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 1.1% during the 4th quarter. Fenimore Asset Management Inc. now owns 509,956 shares of the financial services provider’s stock worth $12,917,000 after buying an additional 5,700 shares during the last quarter. Finally, Trust Point Inc. bought a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $249,000. 67.31% of the stock is currently 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.