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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) has received a consensus rating of "Moderate Buy" from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $32.00.

HOMB has been the topic of a number of recent research reports. Hovde Group reduced their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Stephens restated an "overweight" rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, StockNews.com downgraded Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a research report on Friday.

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

HOMB traded down $0.76 during midday trading on Wednesday, hitting $25.07. The stock had a trading volume of 1,620,112 shares, compared to its average volume of 1,007,709. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The business has a fifty day moving average of $29.20 and a 200 day moving average of $28.91. The company has a market cap of $4.98 billion, a P/E ratio of 12.41 and a beta of 0.93.

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Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data 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 during 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%. Home Bancshares, Inc. (Conway, AR)'s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. As a group, equities analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is currently 38.61%.

Insider Activity

In related news, CEO John W. Allison bought 10,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were purchased at an average price of $30.76 per share, with a total value 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. This trade represents a 0.18 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.30% of the company's stock.

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

A number of institutional investors have recently bought and sold shares of HOMB. Vanguard Group Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider's stock worth $574,263,000 after acquiring an additional 121,845 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.9% during the fourth 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 grew its stake in Home Bancshares, Inc. (Conway, AR) by 1.4% in the third quarter. Geode Capital Management LLC now owns 4,465,144 shares of the financial services provider's stock worth $120,983,000 after purchasing an additional 60,588 shares during the period. Copeland Capital Management LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 0.6% in the fourth quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider's stock worth $92,256,000 after purchasing an additional 19,290 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 5.9% during the fourth 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 buying an additional 120,691 shares during the period. 67.31% of the stock is owned by institutional investors.

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.