Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Given New $32.00 Price Target at Keefe, Bruyette & Woods

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price objective hoisted by Keefe, Bruyette & Woods from $28.00 to $32.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Other analysts also recently issued reports about the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Stephens raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Piper Sandler raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and a consensus price target of $30.50.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $31.25 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. The firm has a fifty day moving average price of $28.63 and a two-hundred day moving average price of $26.61. The company has a market cap of $6.21 billion, a PE ratio of 16.11 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The company had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. During the same period last year, the company earned $0.47 earnings per share. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts expect that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 40.21%.

Insider Buying and Selling

In related news, Director James Pat Hickman sold 63,997 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the completion of the sale, the director now owns 175,500 shares in the company, valued at $5,400,135. This trade represents a 26.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the completion of the sale, the chief accounting officer now 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 in the last quarter. 7.66% of the stock is owned by corporate insiders.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOMB. UMB Bank n.a. increased its position in Home Bancshares, Inc. (Conway, AR) by 186.2% in the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 795 shares in the last quarter. GAMMA Investing LLC increased its position in Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 427 shares in the last quarter. Blue Trust Inc. increased its position in Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 528 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter valued at about $75,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth approximately $76,000. Institutional investors and hedge funds 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.