Analysts Set Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Target Price at $32.00

Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $32.00.

Several equities analysts have recently issued reports on HOMB shares. Hovde Group reduced their target price 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, January 17th. Stephens restated an "overweight" rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lifted their target price 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.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.7 %

Shares of NYSE:HOMB traded down $0.49 during mid-day trading on Friday, hitting $27.74. 880,614 shares of the company traded hands, compared to its average volume of 1,100,289. The stock has a 50-day moving average price of $29.51 and a two-hundred day moving average price of $28.82. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.90. The stock has a market cap of $5.51 billion, a P/E ratio of 13.73 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26.

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Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its quarterly earnings results 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). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The firm had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company also recently announced 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 2.81%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 38.61%.

Insider Activity

In other news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the purchase, the chief executive officer now owns 5,693,182 shares of the company's stock, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.66% of the company's stock.

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

Several large investors have recently modified their holdings of HOMB. Aster Capital Management DIFC Ltd purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at approximately $28,000. Trust Co. of Vermont purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $40,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock worth $46,000 after acquiring an additional 530 shares during the period. Parkside Financial Bank & Trust purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $53,000. Finally, UMB Bank n.a. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% in the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 777 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

About Home Bancshares, Inc. (Conway, AR)

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.