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

Royal Bank of Canada reaffirmed their sector perform rating on shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in a research report sent to investors on Tuesday, Benzinga reports. Royal Bank of Canada currently has a $26.00 target price on the financial services provider’s stock.

Separately, Piper Sandler increased their target price on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an overweight rating in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $25.00.

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

Shares of NYSE HOMB opened at $24.23 on Tuesday. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $25.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.89 and a quick ratio of 0.89. The business’s fifty day moving average price is $23.61 and its two-hundred day moving average price is $23.05. The firm has a market capitalization of $4.87 billion, a PE ratio of 12.43 and a beta of 1.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. The firm had revenue of $245.62 million for the quarter, compared to analyst estimates of $238.50 million. On average, research analysts expect that Home Bancshares, Inc. will post 1.88 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 14th were paid a $0.18 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 2.97%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 36.92%.

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

In other news, Director Donna Townsell sold 22,729 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total value of $540,041.04. Following the completion of the transaction, the director now owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the transaction, the director now owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Allison bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $22.74 per share, with a total value of $454,800.00. Following the purchase, the chief executive officer now directly owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The disclosure for this purchase can be found here. Company insiders own 7.66% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HOMB. Quadrant Capital Group LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 189.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after buying an additional 677 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at $31,000. Headlands Technologies LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $35,000. Ronald Blue Trust Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 84.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,684 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 771 shares during the period. Finally, TFO Wealth Partners LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 14,809.1% in the 4th quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 1,629 shares during the period. Institutional investors own 67.31% of the company’s stock.

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

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.