Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Receives $32.00 Consensus Price Target from Analysts

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

Several equities analysts recently commented on HOMB shares. Hovde Group decreased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. StockNews.com cut shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Friday. Finally, Stephens reissued an “overweight” rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th.

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

In related news, CEO John W. Allison bought 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was acquired at an average cost of $30.76 per share, with a total value of $307,600.00. Following the purchase, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

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

A number of hedge funds have recently modified their holdings of HOMB. 111 Capital acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $255,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 7.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,355 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 1,093 shares during the period. Jefferies Financial Group Inc. purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $2,057,000. Mackenzie Financial Corp lifted its stake in Home Bancshares, Inc. (Conway, AR) by 177.7% during the 4th quarter. Mackenzie Financial Corp now owns 32,732 shares of the financial services provider’s stock worth $926,000 after acquiring an additional 20,945 shares in the last quarter. Finally, Forum Financial Management LP acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $208,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Down 2.9 %

Shares of NYSE:HOMB opened at $25.07 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.98 billion, a PE ratio of 12.41 and a beta of 1.08. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.91. The business’s fifty day simple moving average is $29.20 and its 200-day simple moving average is $28.89.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share 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, March 5th. Investors of record on Wednesday, February 12th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 3.11%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 38.61%.

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.