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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) has been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to 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.

A number of research firms recently issued reports on HOMB. Stephens restated 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. Keefe, Bruyette & Woods raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Finally, Hovde Group dropped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James Pat Hickman sold 63,997 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the sale, the director now directly owns 175,500 shares of the company’s stock, valued at approximately $5,400,135. This trade represents a 26.72 % decrease in their position. The disclosure for this sale can be found here. 7.66% of the stock is owned by insiders.

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

A number of institutional investors have recently added to or reduced their stakes in HOMB. Geode Capital Management LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,465,144 shares of the financial services provider’s stock worth $120,983,000 after buying an additional 60,588 shares in the last quarter. Copeland Capital Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 0.6% during the fourth quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider’s stock worth $92,256,000 after acquiring an additional 19,290 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider’s stock valued at $61,322,000 after purchasing an additional 120,691 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock valued at $59,160,000 after purchasing an additional 324,664 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after purchasing an additional 1,253,259 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.2 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $30.48 on Tuesday. 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 fifty day simple moving average of $29.53 and a 200-day simple moving average of $28.39. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 15.09 and a beta of 1.10. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released 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). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. During the same quarter in the prior year, the company earned $0.43 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.56%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) 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.