Analysts’ Weekly Ratings Changes for Home Bancshares, Inc. (Conway, AR) (HOMB)

A number of firms have modified their ratings and price targets on shares of Home Bancshares, Inc. (Conway, AR) (NYSE: HOMB) recently:

• 10/18/2024 – Home Bancshares, Inc. (Conway, AR) had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $28.00 price target on the stock.
• 10/18/2024 – Home Bancshares, Inc. (Conway, AR) had its price target raised by analysts at Stephens from $30.00 to $31.00. They now have an “overweight” rating on the stock.
• 10/18/2024 – Home Bancshares, Inc. (Conway, AR) had its price target raised by analysts at Piper Sandler from $30.00 to $31.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – Home Bancshares, Inc. (Conway, AR) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.1 %

Shares of HOMB stock traded down $0.30 on Monday, reaching $26.39. 45,493 shares of the company’s stock traded hands, compared to its average volume of 964,038. The business’s 50 day moving average price is $26.89 and its two-hundred day moving average price is $25.33. The company has a market capitalization of $5.29 billion, a P/E ratio of 13.60 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. Home Bancshares, Inc. (Conway, AR)’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.96%. This is an increase 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 Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. UMB Bank n.a. increased its holdings 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 worth $33,000 after purchasing an additional 795 shares during the period. EntryPoint Capital LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the first quarter valued at about $31,000. GAMMA Investing LLC raised its holdings 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. lifted its position in shares of 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 worth $49,000 after acquiring an additional 528 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth approximately $75,000. Institutional investors own 67.31% of the company’s stock.

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.