Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stock Rating Reaffirmed by Royal Bank of Canada

Posted by on Apr 25th, 2023

Royal Bank of Canada restated their sector perform rating on shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Rating) in a report published on Friday, Benzinga reports. They currently have a $25.00 target price on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on the company. StockNews.com started coverage on Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, March 16th. They set a sell rating for the company. Stephens reiterated an overweight rating and issued a $25.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $26.00.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.2 %

Shares of NYSE HOMB opened at $21.48 on Friday. Home Bancshares, Inc. has a 1 year low of $19.83 and a 1 year high of $26.20. The firm has a 50-day simple moving average of $21.51 and a two-hundred day simple moving average of $22.82. The company has a market cap of $4.37 billion, a P/E ratio of 12.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.84 and a quick ratio of 0.82.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 8th. Stockholders of record on Wednesday, February 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Tuesday, February 14th. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.17. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 42.60%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of HOMB. Vanguard Group Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.2% during the third quarter. Vanguard Group Inc. now owns 20,900,440 shares of the financial services provider’s stock valued at $470,469,000 after purchasing an additional 252,844 shares in the last quarter. State Street Corp increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 6.3% in the 3rd quarter. State Street Corp now owns 8,794,022 shares of the financial services provider’s stock valued at $197,953,000 after acquiring an additional 521,232 shares during the period. American Century Companies Inc. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 5.4% in the 4th quarter. American Century Companies Inc. now owns 4,708,020 shares of the financial services provider’s stock worth $107,296,000 after acquiring an additional 241,224 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 5.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,062,105 shares of the financial services provider’s stock worth $92,577,000 after purchasing an additional 214,879 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 3,475,714 shares of the financial services provider’s stock valued at $79,211,000 after purchasing an additional 80,415 shares during the last quarter. 60.36% of the stock is owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Company Profile

(Get Rating)

Home Bancshares, Inc is a bank holding company, which engages in providing commercial and retail banking and related financial services. It offers its services to businesses, real estate developers and investors, individuals, and municipalities. The company was founded by John W. Allison and Robert H.

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