Stephens Increases Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target to $28.00

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price objective upped by Stephens from $27.00 to $28.00 in a research report report published on Friday, Benzinga reports. Stephens currently has an overweight rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on HOMB. Piper Sandler raised their price target on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an overweight rating in a report on Friday, January 19th. Royal Bank of Canada reaffirmed a sector perform rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $26.00.

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

NYSE:HOMB opened at $24.01 on Friday. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $25.80. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $23.56 and a 200 day simple moving average of $23.17. The stock has a market capitalization of $4.83 billion, a PE ratio of 12.38 and a beta of 1.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The business had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. During the same quarter last year, the firm posted $0.54 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, research analysts expect that Home Bancshares, Inc. will post 1.88 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 37.11%.

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

In other news, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the sale, the director now owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the sale, the director now owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Allison bought 20,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average cost of $22.74 per share, with a total value of $454,800.00. Following the acquisition, the chief executive officer now directly owns 5,509,982 shares of the company’s stock, valued at approximately $125,296,990.68. The disclosure for this purchase can be found here. Insiders own 7.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Amarillo National Bank raised its stake in 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 purchasing an additional 50,000 shares in the last quarter. State of Michigan Retirement System raised its stake in Home Bancshares, Inc. (Conway, AR) by 2.2% in the first quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock valued at $1,131,000 after purchasing an additional 1,000 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at about $4,738,000. Kwmg LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 2.0% in the first quarter. Kwmg LLC now owns 242,958 shares of the financial services provider’s stock valued at $5,969,000 after purchasing an additional 4,877 shares in the last quarter. Finally, BTC Capital Management Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at about $339,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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.