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

Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) have received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $32.00.

HOMB has been the subject of a number of analyst reports. Stephens reissued an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Hovde Group reduced their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, Keefe, Bruyette & Woods increased their price target on 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.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.7 %

NYSE HOMB opened at $28.36 on Friday. Home Bancshares, Inc. has a one year low of $22.38 and a one year high of $32.91. 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 company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 14.04 and a beta of 1.08. The company’s 50-day simple moving average is $29.50 and its two-hundred day simple moving average is $28.81.

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

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders 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 2.75%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, with a total value of $307,600.00. Following the acquisition, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $2,057,000. Mackenzie Financial Corp raised its position in Home Bancshares, Inc. (Conway, AR) by 177.7% during the fourth quarter. Mackenzie Financial Corp now owns 32,732 shares of the financial services provider’s stock valued at $926,000 after acquiring an additional 20,945 shares in the last quarter. Forum Financial Management LP purchased a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $208,000. GTS Securities LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $352,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 11.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 425,238 shares of the financial services provider’s stock worth $12,034,000 after purchasing an additional 42,115 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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.