Piper Sandler Raises Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target to $30.00

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price objective raised by Piper Sandler from $27.00 to $30.00 in a report issued on Friday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. Stephens reiterated an overweight rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday. Royal Bank of Canada upped their price objective on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock a sector perform rating in a research note on Tuesday, July 9th. Finally, StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a sell rating to a hold rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has an average rating of Hold and a consensus target price of $27.25.

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

Shares of NYSE HOMB opened at $27.14 on Friday. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $27.39. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 13.99 and a beta of 1.07. The business has a 50 day simple moving average of $23.93 and a 200-day simple moving average of $23.87.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The business had revenue of $254.60 million during the quarter, compared to the consensus estimate of $247.26 million. During the same period in the previous year, the business earned $0.51 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities research analysts expect that Home Bancshares, Inc. will post 2.02 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.65%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 37.11%.

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

In other news, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the transaction, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at $24,530. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the sale, the chief financial officer now owns 89,192 shares in the company, valued at $2,186,987.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jennifer C. Floyd sold 2,333 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at approximately $24,530. The disclosure for this sale can be found here. Company insiders own 7.66% of the company’s stock.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

Institutional investors have recently modified their holdings of the company. Amarillo National Bank lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 96.8% in the first quarter. Amarillo National Bank now owns 101,649 shares of the financial services provider’s stock valued at $2,498,000 after buying an additional 50,000 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $2,478,000. Norges Bank acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $54,498,000. Louisiana State Employees Retirement System acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $1,335,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $1,257,000. 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.