Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Receives $32.00 Average PT from Brokerages

Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $32.00.

Several research analysts have recently issued reports on the company. Stephens reissued an “overweight” rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Keefe, Bruyette & Woods increased 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. Hovde Group decreased their price target on 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. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th.

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

In other news, CEO John W. Allison bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the purchase, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This represents a 0.18 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 7.66% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 valued at $12,034,000 after purchasing an additional 42,115 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $1,491,000. Twinbeech Capital LP acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $1,184,000. Tidal Investments LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $242,000. Finally, Snowden Capital Advisors LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 7.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 21,709 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 1,539 shares during the period. Institutional investors own 67.31% of the company’s stock.

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

Shares of NYSE HOMB 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 company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The business’s fifty day moving average price is $29.45 and its two-hundred day moving average price is $28.48. The firm has a market capitalization of $5.96 billion, a PE ratio of 14.83 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. During the same period in the prior year, the business earned $0.43 earnings per share. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

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