Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Receives Average Rating of "Moderate Buy" from Brokerages

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

A number of analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Hovde Group reduced their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada reissued a "sector perform" rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th.

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

Shares of HOMB traded down $0.52 during midday trading on Tuesday, hitting $29.97. 1,018,625 shares of the company traded hands, compared to its average volume of 1,132,267. The firm has a 50 day moving average of $29.46 and a 200-day moving average of $28.46. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 14.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). The business had revenue of $258.40 million for the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. On average, analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be issued 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 dividend yield of 2.60%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.61%.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, Director James Pat Hickman sold 63,997 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Monday, November 18th. The shares were sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the transaction, the director now owns 175,500 shares of the company's stock, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Allison acquired 10,000 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was purchased at an average cost of $30.76 per share, with a total value of $307,600.00. Following the acquisition, 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 disclosure for this purchase can be found here. 7.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider's stock valued at $574,263,000 after purchasing an additional 121,845 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,791,837 shares of the financial services provider's stock valued at $192,211,000 after purchasing an additional 124,891 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 60,588 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 0.6% in the 4th quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider's stock valued at $92,256,000 after purchasing an additional 19,290 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock valued at $61,322,000 after purchasing an additional 120,691 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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.