Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target Raised to $28.00 at Royal Bank of Canada

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its target price boosted by Royal Bank of Canada from $27.00 to $28.00 in a research report report published on Friday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on HOMB. Stephens reaffirmed an overweight rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a sell rating to a hold rating in a report on Thursday. Finally, Piper Sandler lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an overweight rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of Hold and a consensus target price of $27.25.

Home Bancshares, Inc. (Conway, AR) Price Performance

Home Bancshares, Inc. (Conway, AR) stock opened at $27.14 on Friday. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $27.39. The company’s 50 day moving average price is $23.93 and its two-hundred day moving average price is $23.87. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. The stock has a market cap of $5.44 billion, a P/E ratio of 13.99 and a beta of 1.07.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 EPS. On average, equities analysts predict that Home Bancshares, Inc. will post 2.02 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were paid a $0.18 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.65%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 37.11%.

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

In related news, CFO Brian Davis sold 20,544 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at approximately $2,186,987.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Brian Davis sold 20,544 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at approximately $2,186,987.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the transaction, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at $24,530. The disclosure for this sale can be found here. 7.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,496,911 shares of the financial services provider’s stock valued at $139,240,000 after purchasing an additional 432,091 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 21.5% during the 4th quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after purchasing an additional 590,301 shares in the last quarter. Norges Bank purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $54,498,000. Goldman Sachs Group Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 10.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,106,693 shares of the financial services provider’s stock valued at $53,363,000 after purchasing an additional 203,566 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,561,671 shares of the financial services provider’s stock valued at $39,557,000 after purchasing an additional 21,894 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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.