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

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

A number of research firms recently commented on HOMB. Hovde Group reduced their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Keefe, Bruyette & Woods upped their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens reiterated an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.0 %

Shares of NYSE:HOMB opened at $27.95 on Friday. The company has a market cap of $5.55 billion, a P/E ratio of 13.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90. The stock’s fifty day moving average price is $29.49 and its 200-day moving average price is $28.81.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The business had revenue of $258.40 million for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. Sell-side analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 7.66% of the company’s stock.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HOMB. Norges Bank bought a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $60,169,000. Boston Partners bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at approximately $27,825,000. Point72 Asset Management L.P. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1,545.1% in the 4th quarter. Point72 Asset Management L.P. now owns 393,171 shares of the financial services provider’s stock valued at $11,127,000 after purchasing an additional 369,271 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% in the 4th 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, JPMorgan Chase & Co. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 24.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,285,348 shares of the financial services provider’s stock valued at $36,375,000 after purchasing an additional 250,703 shares during the last quarter. 67.31% of the stock is owned by 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.