Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Sets New 12-Month High – Should You Buy?

Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $31.33 and last traded at $31.17, with a volume of 275813 shares trading hands. The stock had previously closed at $31.25.

Wall Street Analyst Weigh In

HOMB has been the subject of several analyst reports. Piper Sandler increased their target price 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. 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 boosted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and a consensus target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.8 %

The stock’s 50 day moving average is $27.29 and its two-hundred day moving average is $25.87. The company has a market capitalization of $6.12 billion, a PE ratio of 16.08 and a beta of 1.05. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share. As a group, sell-side analysts predict that Home Bancshares, Inc. will post 2.04 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 40.21%.

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

In related news, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at $104,664.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Jennifer C. Floyd sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the sale, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at $104,664.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jack Engelkes sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the sale, the director now directly owns 199,195 shares in the company, valued at $5,999,753.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HOMB. International Assets Investment Management LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 2,609.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock valued at $352,520,000 after purchasing an additional 1,253,259 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock valued at $156,946,000 after purchasing an additional 490,718 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 465.2% in the 2nd quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider’s stock valued at $7,671,000 after purchasing an additional 264,627 shares in the last quarter. Creative Planning lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 38.2% in the 2nd quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock valued at $14,422,000 after purchasing an additional 166,324 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock valued at $55,430,000 after purchasing an additional 134,741 shares in the last quarter. 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.