Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Given New $31.00 Price Target at Royal Bank of Canada

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) had its target price lowered by Royal Bank of Canada from $33.00 to $31.00 in a report released on Monday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider's stock.

Several other equities analysts have also recently weighed in on the company. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Stephens reaffirmed an "overweight" rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Finally, Hovde Group cut their price objective 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 report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.40.

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

Shares of HOMB stock traded down $0.17 on Monday, hitting $27.65. The company's stock had a trading volume of 717,437 shares, compared to its average volume of 1,021,081. Home Bancshares, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $32.91. The company has a market capitalization of $5.49 billion, a PE ratio of 13.69 and a beta of 0.93. The stock's 50 day moving average is $27.77 and its 200-day moving average is $28.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The firm had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. Equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. 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 2.89%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is 38.10%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CAO Jennifer C. Floyd sold 2,500 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,301 shares in the company, valued at approximately $118,062.45. This represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.30% of the company's stock.

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

Several hedge funds have recently modified their holdings of HOMB. State of Alaska Department of Revenue raised its position in Home Bancshares, Inc. (Conway, AR) by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider's stock valued at $612,000 after purchasing an additional 575 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 12.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider's stock valued at $522,000 after buying an additional 2,096 shares during the last quarter. Everhart Financial Group Inc. boosted its position in Home Bancshares, Inc. (Conway, AR) by 11.7% during the 1st quarter. Everhart Financial Group Inc. now owns 22,407 shares of the financial services provider's stock worth $633,000 after buying an additional 2,349 shares during the period. Fifth Third Bancorp boosted its position in Home Bancshares, Inc. (Conway, AR) by 60.5% during the 1st quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider's stock worth $98,000 after buying an additional 1,307 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth approximately $820,000. 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.