Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Receives Average Rating of “Moderate Buy” from Analysts

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) has received an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $32.00.

Several brokerages recently issued reports on HOMB. Keefe, Bruyette & Woods lifted their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Hovde Group cut their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Stephens reiterated an “overweight” rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th.

Insider Buying and Selling

In other news, CEO John W. Allison acquired 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were acquired at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.66% of the stock is currently owned by company insiders.

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

A number of large investors have recently made changes to their positions in HOMB. Harbor Capital Advisors Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock valued at $1,979,000 after purchasing an additional 374 shares during the period. Everhart Financial Group Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 2.1% in the fourth quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider’s stock valued at $568,000 after purchasing an additional 409 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Home Bancshares, Inc. (Conway, AR) by 0.6% in the third quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock worth $2,326,000 after purchasing an additional 481 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock valued at $46,000 after buying an additional 530 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider’s stock worth $783,000 after buying an additional 540 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.7 %

NYSE HOMB opened at $28.92 on Friday. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.74 billion, a P/E ratio of 14.31 and a beta of 1.08. The stock’s 50-day moving average price is $29.51 and its 200-day moving average price is $28.77.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The firm had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. During the same quarter in the previous year, the business posted $0.43 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.70%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

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.