Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.00.

Several brokerages recently issued reports on HOMB. Stephens reissued an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Hovde Group reduced their price objective on 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, Keefe, Bruyette & Woods boosted their target price 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.

Insiders Place Their Bets

In other news, CEO John W. Allison acquired 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the purchase, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $28,000. Trust Co. of Vermont purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $40,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 530 shares during the period. Parkside Financial Bank & Trust acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $53,000. Finally, UMB Bank n.a. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 777 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.7 %

Shares of HOMB stock opened at $28.92 on Friday. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. The firm has a market capitalization of $5.74 billion, a PE ratio of 14.31 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The stock’s 50-day simple moving average is $29.51 and its 200-day simple moving average is $28.77.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. During the same quarter last year, the company posted $0.43 EPS. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 38.61%.

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.