Analysts Set Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Target Price at $32.40

Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $32.40.

HOMB has been the subject of a number of recent analyst reports. Stephens reaffirmed an "overweight" rating and set a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Wall Street Zen upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada lowered their price target on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a report on Monday, April 21st.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock traded up $0.69 during mid-day trading on Thursday, reaching $28.77. 745,453 shares of the stock traded hands, compared to its average volume of 1,013,998. The business has a 50-day moving average of $27.63 and a 200 day moving average of $28.99. Home Bancshares, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $32.91. The stock has a market capitalization of $5.68 billion, a PE ratio of 14.24 and a beta of 0.79. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26.

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

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be issued a $0.20 dividend. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 2.78%. The ex-dividend date is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 38.10%.

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

In related news, insider Kevin Hester sold 7,128 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total transaction of $204,359.76. Following the sale, the insider now owns 124,912 shares of the company's stock, valued at $3,581,227.04. The trade was a 5.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer C. Floyd sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total value of $68,625.00. Following the sale, the chief accounting officer now directly owns 4,301 shares in the company, valued at approximately $118,062.45. The trade was a 36.76% decrease in their position. The disclosure for this sale can be found here. 6.30% of the stock is owned by corporate insiders.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $28,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the first quarter valued at $39,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in 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 in the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $53,000. Finally, UMB Bank n.a. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% in the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock valued at $57,000 after buying an additional 777 shares in the last quarter. Institutional investors own 67.31% of the company's stock.

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.