Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Given New $31.00 Price Target at Stephens

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its target price increased by Stephens from $30.00 to $31.00 in a report published on Friday, Benzinga reports. Stephens currently has an overweight rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on HOMB. Piper Sandler boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Royal Bank of Canada reiterated 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.25.

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

Shares of NYSE:HOMB opened at $26.69 on Friday. The company’s fifty day moving average price is $26.89 and its 200 day moving average price is $25.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $5.35 billion, a P/E ratio of 13.76 and a beta of 1.05. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The company had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $258.90 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, sell-side analysts predict that Home Bancshares, Inc. will post 2.07 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.195 per share. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a yield of 2.92%. The ex-dividend date was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 40.21%.

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

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 427 shares during the period. Blue Trust Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 528 shares during the period. Inspire Investing LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 3.6% in the third quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 529 shares during the period. Bank of Montreal Can raised its holdings in Home Bancshares, Inc. (Conway, AR) by 4.0% in the second quarter. Bank of Montreal Can now owns 18,239 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 701 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 186.2% in the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 795 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other 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.