Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Price Target Increased to $31.00 by Analysts at Piper Sandler

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) had its price target hoisted by Piper Sandler from $30.00 to $31.00 in a report issued on Friday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on HOMB. Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday. Stephens reissued an “overweight” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Finally, StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.25.

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

Shares of HOMB stock opened at $26.69 on Friday. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $28.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 13.76 and a beta of 1.05. The business has a 50 day simple moving average of $26.89 and a 200 day simple moving average of $25.31.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data 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). The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 earnings per share. On average, equities research analysts anticipate that Home Bancshares, Inc. will post 2.07 EPS for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.92%. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

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

Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 427 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 528 shares during the period. Inspire Investing LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 3.6% in the 3rd quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock valued at $413,000 after buying an additional 529 shares during the period. Bank of Montreal Can lifted its position in Home Bancshares, Inc. (Conway, AR) by 4.0% in the 2nd quarter. Bank of Montreal Can now owns 18,239 shares of the financial services provider’s stock worth $438,000 after buying an additional 701 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after buying an additional 795 shares during the period. Hedge funds and other 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.