Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) have received an average recommendation of "Moderate Buy" from the five brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $32.00.

A number of analysts recently weighed in on HOMB shares. Hovde Group decreased 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 report on Friday. Stephens restated an "overweight" rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday. Royal Bank of Canada restated a "sector perform" rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, 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 report on Wednesday, December 4th.

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

In related news, CAO Jennifer C. Floyd sold 2,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the transaction, the chief accounting officer now owns 3,468 shares of the company's stock, valued at approximately $104,664.24. This trade represents a 36.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack Engelkes sold 25,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the completion of the transaction, the director now directly owns 199,195 shares in the company, valued at approximately $5,999,753.40. The trade was a 11.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,997 shares of company stock valued at $2,782,548 in the last 90 days. 7.66% of the stock is currently owned by corporate insiders.

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

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider's stock worth $156,946,000 after purchasing an additional 490,718 shares during the last quarter. Geode Capital Management LLC grew its stake in 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 valued at $120,983,000 after buying an additional 60,588 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider's stock valued at $87,789,000 after purchasing an additional 28,604 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider's stock valued at $55,430,000 after purchasing an additional 134,741 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,765,799 shares of the financial services provider's stock valued at $47,835,000 after purchasing an additional 47,259 shares during the period. Institutional investors own 67.31% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Trading Up 3.4 %

NYSE HOMB traded up $0.99 on Friday, reaching $30.43. The company had a trading volume of 1,782,080 shares, compared to its average volume of 830,528. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 15.69 and a beta of 1.10. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. The business has a 50 day moving average of $29.78 and a two-hundred day moving average of $27.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.02). The company had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. Analysts forecast that Home Bancshares, Inc. will post 2.03 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.195 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.56%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 40.21%.

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.