Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Given New $31.00 Price Target at Stephens

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price objective increased by Stephens from $30.00 to $31.00 in a report released on Friday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also commented on the company. Royal Bank of Canada restated 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. Piper Sandler increased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday. Finally, StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and a consensus target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.7 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $26.50 on Friday. The stock has a market cap of $5.31 billion, a PE ratio of 13.66 and a beta of 1.05. The firm has a fifty day moving average price of $26.91 and a 200 day moving average price of $25.35. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $28.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The company had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. During the same quarter in the previous year, the business posted $0.47 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts predict that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.94%. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 40.21%.

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

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 21.5% during the fourth quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after purchasing an additional 590,301 shares in the last quarter. BTC Capital Management Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth about $339,000. Kwmg LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% during the 1st quarter. Kwmg LLC now owns 242,958 shares of the financial services provider’s stock worth $5,969,000 after purchasing an additional 4,877 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at about $4,738,000. Finally, State of Michigan Retirement System boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock worth $1,131,000 after buying an additional 1,000 shares during the last quarter. 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.