Royal Bank of Canada Reaffirms “Sector Perform” Rating for Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Royal Bank of Canada reiterated their sector perform rating on shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in a report released on Friday, Benzinga reports. The firm currently has a $28.00 price target on the financial services provider’s stock.

Several other research analysts also recently issued reports on HOMB. StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Thursday. Stephens reiterated an “overweight” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, July 18th. Finally, Piper Sandler boosted their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.25.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $26.69 on Friday. The company has a market capitalization of $5.35 billion, a P/E ratio of 13.76 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 fifty-two week low of $19.61 and a fifty-two week high of $28.99. The stock has a 50-day simple moving average of $26.89 and a 200-day simple moving average of $25.33.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $258.00 million during the quarter, compared to analyst estimates 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 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. Equities research analysts expect that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

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

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 10.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock valued at $8,544,000 after purchasing an additional 28,761 shares during the period. Blue Trust Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after buying an additional 528 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth approximately $187,000. Inspire Investing LLC lifted its holdings in shares of 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. Finally, UMB Bank n.a. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% in the third 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 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.