Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) have received a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $32.00.

HOMB has been the subject of a number of recent research reports. Stephens reaffirmed an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods raised their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Hovde Group lowered their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th.

Insider Activity

In related news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following the acquisition, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.66% of the stock is currently owned by insiders.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at approximately $28,000. UMB Bank n.a. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 186.2% in the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after buying an additional 795 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 427 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $40,000. Finally, Nomura Asset Management Co. Ltd. grew 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 purchasing an additional 530 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.7 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $29.97 on Tuesday. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90. The stock has a 50-day moving average price of $29.45 and a 200 day moving average price of $28.48. 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 cap of $5.96 billion, a P/E ratio of 14.83 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share 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 for the quarter, compared to analysts’ expectations of $256.67 million. During the same period last year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 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.