Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target Lowered to $35.00 at Hovde Group

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) had its target price lowered by Hovde Group from $36.00 to $35.00 in a research report report published on Friday, MarketBeat Ratings reports. The firm currently has an outperform rating on the financial services provider's stock.

Several other equities analysts have also issued reports on the company. Keefe, Bruyette & Woods boosted their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler boosted their price objective on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Royal Bank of Canada reissued a "sector perform" rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Finally, Stephens reaffirmed an "overweight" rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

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

Shares of HOMB stock traded up $0.99 during trading hours on Friday, reaching $30.43. 1,782,080 shares of the company's stock were exchanged, compared to its average volume of 830,528. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $6.05 billion, a P/E ratio of 15.69 and a beta of 1.10. The business has a fifty day moving average price of $29.78 and a 200-day moving average price of $27.83.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $258.40 million for 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%. Home Bancshares, Inc. (Conway, AR)'s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share. Analysts predict that Home Bancshares, Inc. will post 2.03 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 40.21%.

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

In other Home Bancshares, Inc. (Conway, AR) 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 completion of the sale, the chief accounting officer now owns 3,468 shares in the company, valued at approximately $104,664.24. This trade represents a 36.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jack Engelkes sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the sale, the director now directly owns 199,195 shares in the company, valued at $5,999,753.40. This trade represents a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,997 shares of company stock valued at $2,782,548 in the last ninety days. Insiders own 7.66% of the company's stock.

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

Several large investors have recently made changes to their positions in HOMB. UMB Bank n.a. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock worth $33,000 after purchasing an additional 795 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock worth $35,000 after buying an additional 427 shares during the last quarter. Trust Co. of Vermont acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $40,000. Blue Trust Inc. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider's stock worth $49,000 after acquiring an additional 528 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at $75,000. Institutional investors and hedge funds own 67.31% of the company's stock.

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.