Stephens Reaffirms “Overweight” Rating for Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Stephens reissued their overweight rating on shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in a research report released on Thursday morning,Benzinga reports. They currently have a $34.00 price objective on the financial services provider’s stock.

Several other equities research analysts have also commented on HOMB. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Piper Sandler upped their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods raised their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Stock Up 3.4 %

Shares of NYSE:HOMB opened at $30.43 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.90. The firm has a market capitalization of $6.05 billion, a P/E ratio of 15.69 and a beta of 1.10. The stock has a 50 day moving average price of $29.78 and a 200-day moving average price of $27.86.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted 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). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. During the same quarter last year, the company posted $0.43 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Home Bancshares, Inc. will post 2.03 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.56%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 40.21%.

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

In related news, Director James Pat Hickman sold 63,997 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 175,500 shares in the company, valued at approximately $5,400,135. This trade represents a 26.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the sale, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at $104,664.24. The trade was a 36.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,997 shares of company stock worth $2,782,548 over the last quarter. 7.66% of the stock is currently owned by insiders.

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

A number of institutional investors have recently bought and sold shares of HOMB. Allspring Global Investments Holdings LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock worth $8,544,000 after purchasing an additional 28,761 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter valued at approximately $493,000. Citigroup Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 12.2% during the third quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider’s stock worth $7,831,000 after acquiring an additional 31,493 shares during the last quarter. Point72 Asset Management L.P. grew its stake in Home Bancshares, Inc. (Conway, AR) by 277.2% during the third quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider’s stock valued at $647,000 after acquiring an additional 17,563 shares in the last quarter. Finally, Creative Planning increased its holdings in Home Bancshares, Inc. (Conway, AR) by 38.2% in the 2nd quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock valued at $14,422,000 after acquiring an additional 166,324 shares during the last quarter. 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.