Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Upgraded at StockNews.com

StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) from a sell rating to a hold rating in a research note released on Thursday morning.

Other equities analysts also recently issued research reports about the stock. Stephens reaffirmed an “overweight” rating and issued a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Royal Bank of Canada dropped 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 research note on Monday, April 21st. Finally, Hovde Group decreased their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.40.

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

Shares of HOMB stock opened at $27.65 on Thursday. The firm has a market cap of $5.49 billion, a P/E ratio of 13.69 and a beta of 0.93. The firm has a fifty day moving average of $27.77 and a two-hundred day moving average of $28.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $255.20 million. As a group, research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The business 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 dividend of $0.20 per share. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend 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 other news, CAO Jennifer C. Floyd sold 2,500 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total transaction of $68,625.00. Following the transaction, the chief accounting officer now directly owns 4,301 shares in the company, valued at approximately $118,062.45. This trade represents a 36.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $722,000. Charles Schwab Investment Management Inc. boosted its holdings 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 in the last quarter. Fisher Asset Management LLC grew its position 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 buying an additional 324,664 shares during the last quarter. Amarillo National Bank increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% in the fourth quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider’s stock valued at $2,932,000 after buying an additional 60,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider’s stock valued at $10,714,000 after acquiring an additional 69,892 shares during 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.