Brokerages Set Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target at $32.00

Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) have received a consensus rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $32.00.

Several research firms recently weighed in on HOMB. Stephens reaffirmed an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Hovde Group decreased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Friday, April 4th.

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

In related news, CEO John W. Allison purchased 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the transaction, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.30% of the company’s stock.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in HOMB. Norges Bank bought a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at $60,169,000. Boston Partners bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $27,825,000. Point72 Asset Management L.P. grew its stake in Home Bancshares, Inc. (Conway, AR) by 1,545.1% during the fourth quarter. Point72 Asset Management L.P. now owns 393,171 shares of the financial services provider’s stock worth $11,127,000 after purchasing an additional 369,271 shares during the period. Fisher Asset Management LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock worth $59,160,000 after purchasing an additional 324,664 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 24.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,285,348 shares of the financial services provider’s stock valued at $36,375,000 after buying an additional 250,703 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

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

Shares of NYSE:HOMB opened at $24.96 on Wednesday. The firm has a 50 day moving average of $28.88 and a 200-day moving average of $28.85. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.91. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4.96 billion, a PE ratio of 12.36 and a beta of 0.93.

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

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a $0.195 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 3.13%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) 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.