In yesterday’s Wall Street session, Home Bancshares Inc. (Conway AR) (NYSE:HOMB) shares traded at $24.05, down -0.17% from the previous session.
7 analysts cover Home Bancshares Inc. (Conway AR) (NYSE:HOMB), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $25.00, we find $27.00. Given the previous closing price of $24.09, this indicates a potential upside of 12.08 percent. HOMB stock price is now 5.29% away from the 50-day moving average and 4.20% away from the 200-day moving average. The market capitalization of the company currently stands at $5.01B.
The stock has received a hold rating from 3 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $26.67 as their price target over the next twelve months.
With the price target maintained at $28, Keefe Bruyette recently Downgraded its rating from Outperform to Mkt Perform for Home Bancshares Inc. (Conway AR) (NYSE: HOMB).
In other news, Carter Russell Davis III, Centennial Bank Regional Pres. sold 900 shares of the company’s stock on Jul 26. The stock was sold for $21,236 at an average price of $23.59. Upon completion of the transaction, the Centennial Bank Regional Pres. now directly owns 5,234 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06, Centennial Bank Regional Pres. Williamson Kenneth Mikel JR sold 10,767 shares of the business’s stock. A total of $252,658 was realized by selling the stock at an average price of $23.47. This leaves the insider owning 60,178 shares of the company worth $1.45 million. Insiders disposed of 560,827 shares of company stock worth roughly $13.49 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HOMB stock. A new stake in Home Bancshares Inc. (Conway AR) shares was purchased by FISHER ASSET MANAGEMENT, LLC during the first quarter worth $35,755,000. GREAT LAKES ADVISORS, LLC invested $12,230,000 in shares of HOMB during the first quarter. In the first quarter, OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in Home Bancshares Inc. (Conway AR) valued at approximately $3,253,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in HOMB for approximately $3,193,000. JANE STREET GROUP, LLC purchased a new stake in HOMB valued at around $830,000 in the second quarter. In total, there are 356 active investors with 62.10% ownership of the company’s stock.
On Thursday morning Home Bancshares Inc. (Conway AR) (NYSE: HOMB) stock kicked off with the opening price of $24.43. During the past 12 months, Home Bancshares Inc. (Conway AR) has had a low of $19.77 and a high of $26.20. The fifty day moving average price for HOMB is $22.91 and a two-hundred day moving average price translates $23.08 for the stock.
The latest earnings results from Home Bancshares Inc. (Conway AR) (NYSE: HOMB) was released for Jun, 2023. According to the Banks – Regional Company, earnings per share came in at $0.52, beating analysts’ expectations of $0.51 by 0.01. This compares to $0.40 EPS in the same period last year. The net profit margin was 28.00% and return on equity was 8.70% for HOMB. The company reported revenue of $284.94 million for the quarter, compared to $144.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 96.64 percent. For the current quarter, analysts expect HOMB to generate $250.8M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/06/2023. Investors who held shares on 08/16/2023 were paid a $0.18 dividend. On an annualized basis, this represents a $0.72 dividend and a 2.99% percent yield. There was an ex-dividend date of 08/15/2023 for this dividend. In terms of dividend payout ratio, HOMB is presently at 42.00%.
Home Bancshares Inc. (Conway AR)(HOMB) 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. The company’s loan portfolio comprises non-farm/non-residential real estate, construction/land development, residential mortgage, consumer, agricultural, and commercial and industrial loans. It also provides internet banking, mobile banking and voice response information, cash management, overdraft protection, direct deposit, and automatic account transfer services, as well as safe deposit boxes and the United States savings bonds. In addition, the company writes policies for commercial and personal lines of business, including insurance for property, casualty, life, health, and employee benefits. It operates through branches in Arkansas, Florida, Alabama, Texas, and New York City. The company was founded in 1998 and is headquartered in Conway, Arkansas.
