Brokerages Set Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Target Price at $32.40

Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $32.40.

Several research analysts have weighed in on HOMB shares. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Thursday, April 24th. Royal Bank of Canada dropped their target price on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a “sector perform” rating for the company in a research note on Monday, April 21st. Stephens reissued an “overweight” rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. 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 for the company in a research note on Friday, January 17th.

Insider Activity

In related news, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the sale, the chief accounting officer now owns 4,301 shares of the company’s stock, valued at approximately $118,062.45. This represents a 36.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.30% of the company’s stock.

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

Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.4% in the 1st quarter. Victory Capital Management Inc. now owns 273,007 shares of the financial services provider’s stock valued at $7,718,000 after acquiring an additional 1,047 shares during the period. Tectonic Advisors LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 30.3% in the 1st quarter. Tectonic Advisors LLC now owns 81,687 shares of the financial services provider’s stock valued at $2,309,000 after purchasing an additional 18,973 shares in the last quarter. Hohimer Wealth Management LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at about $203,000. Edgestream Partners L.P. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 134.0% during the first quarter. Edgestream Partners L.P. now owns 65,328 shares of the financial services provider’s stock worth $1,847,000 after purchasing an additional 37,405 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the financial services provider’s stock worth $1,464,000 after buying an additional 500 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.9 %

Shares of NYSE:HOMB opened at $28.57 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.67 billion, a P/E ratio of 14.14 and a beta of 0.93. Home Bancshares, Inc. has a 52-week low of $22.42 and a 52-week high of $32.91. The stock’s fifty day simple moving average is $27.62 and its 200-day simple moving average is $28.86.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. The company had revenue of $260.08 million for the quarter, compared to analysts’ expectations of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. As a group, equities research analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 2.80%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.10%.

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.