Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target Cut to $31.00 by Analysts at Royal Bank of Canada

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) had its price objective cut by Royal Bank of Canada from $33.00 to $31.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a sector perform rating on the financial services provider's stock.

Other analysts have also recently issued research reports about the company. Stephens reiterated an "overweight" rating and set a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Finally, Hovde Group dropped 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 report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $32.40.

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

Shares of HOMB stock traded down $0.17 during trading hours on Monday, reaching $27.65. The company had a trading volume of 717,437 shares, compared to its average volume of 1,019,743. 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 price of $27.77 and a 200-day moving average price of $28.81. Home Bancshares, Inc. has a one year low of $22.42 and a one year high of $32.91. The firm has a market cap of $5.49 billion, a PE ratio of 13.69 and a beta of 0.93.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. The business had revenue of $260.08 million during the quarter, compared to the consensus estimate of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. Sell-side analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.20 per share. This is a boost from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is presently 37.14%.

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

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,500 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the transaction, the chief accounting officer now owns 4,301 shares of the company's stock, valued at $118,062.45. The trade was a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

A number of hedge funds and other institutional investors have recently modified their holdings of HOMB. Proficio Capital Partners LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $722,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock worth $61,322,000 after acquiring an additional 120,691 shares during the period. Fisher Asset Management LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock worth $59,160,000 after purchasing an additional 324,664 shares in the last quarter. Amarillo National Bank raised its stake in Home Bancshares, Inc. (Conway, AR) by 137.6% during the 4th quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock valued at $2,932,000 after purchasing an additional 60,000 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 22.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider's stock worth $10,714,000 after purchasing an additional 69,892 shares in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

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.