Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Receives $32.40 Average Price Target from Analysts

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $32.40.

Several research analysts recently commented on HOMB shares. Wall Street Zen raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Royal Bank of Canada reduced their price objective on shares of 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. Finally, Stephens restated an "overweight" rating and set a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st.

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

Shares of NYSE HOMB traded up $0.04 during midday trading on Monday, reaching $27.62. The company had a trading volume of 746,169 shares, compared to its average volume of 1,003,001. The stock has a market cap of $5.45 billion, a P/E ratio of 13.67 and a beta of 0.80. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 1 year low of $22.64 and a 1 year high of $32.90. The business's 50-day simple moving average is $27.85 and its 200 day simple moving average is $28.71.

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 the consensus estimate of $0.54 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 $260.08 million for the quarter, compared to analyst estimates of $255.20 million. On average, analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.90%. The ex-dividend date was Wednesday, May 14th. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is 38.10%.

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

In related news, insider Kevin Hester sold 7,128 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $28.67, for a total value of $204,359.76. Following the completion of the sale, the insider now directly owns 124,912 shares of the company's stock, valued at $3,581,227.04. This represents a 5.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $27.45, for a total value of $68,625.00. Following the completion of the sale, the chief accounting officer now owns 4,301 shares of the company's stock, valued at approximately $118,062.45. This represents a 36.76% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.30% of the company's stock.

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

Large investors have recently modified their holdings of the stock. Proficio Capital Partners LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $722,000. Charles Schwab Investment Management Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 5.9% during 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 buying an additional 120,691 shares during the period. Fisher Asset Management LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock valued at $59,160,000 after acquiring an additional 324,664 shares during the period. Vest Financial LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) during the first quarter worth $1,691,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 22.2% during the fourth 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. Hedge funds and other 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.