Shares of Home BancShares Inc. (NASDAQ:HOMB) have earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock. Seven analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $22.89.

Several brokerages recently weighed in on HOMB. Merion Capital Group reaffirmed a “neutral” rating on shares of Home BancShares in a report on Friday, November 11th. Zacks Investment Research raised shares of Home BancShares from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, July 25th. Sandler O’Neill downgraded shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a report on Tuesday, September 13th. Merion Cap Grp downgraded shares of Home BancShares from an “outperform” rating to a “neutral” rating in a report on Friday, November 11th. Finally, Keefe, Bruyette & Woods downgraded shares of Home BancShares from an “outperform” rating to a “market perform” rating and set a $23.00 target price for the company. in a report on Thursday, November 10th.

In related news, CEO Randall Sims sold 58,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $25.45, for a total value of $1,476,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alex R. Lieblong sold 25,000 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $23.01, for a total transaction of $575,250.00. Following the completion of the transaction, the director now directly owns 805,004 shares of the company’s stock, valued at approximately $18,523,142.04. The disclosure for this sale can be found here. 15.02% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in HOMB. BlackRock Inc. increased its position in shares of Home BancShares by 130.7% in the first quarter. BlackRock Inc. now owns 3,745 shares of the financial services provider’s stock worth $153,000 after buying an additional 2,122 shares during the last quarter. M&T Bank Corp increased its position in shares of Home BancShares by 2.8% in the first quarter. M&T Bank Corp now owns 5,419 shares of the financial services provider’s stock worth $222,000 after buying an additional 149 shares during the last quarter. Delta Asset Management LLC TN increased its position in shares of Home BancShares by 100.0% in the second quarter. Delta Asset Management LLC TN now owns 6,244 shares of the financial services provider’s stock worth $124,000 after buying an additional 3,122 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Home BancShares by 13.6% in the third quarter. Riverhead Capital Management LLC now owns 6,600 shares of the financial services provider’s stock worth $137,000 after buying an additional 792 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Home BancShares during the second quarter worth approximately $133,000. 59.86% of the stock is owned by hedge funds and other institutional investors.

Home BancShares (NASDAQ:HOMB) opened at 25.59 on Monday. The stock has a 50 day moving average price of $21.56 and a 200 day moving average price of $21.38. The stock has a market cap of $3.59 billion, a P/E ratio of 21.70 and a beta of 0.96. Home BancShares has a 12-month low of $16.93 and a 12-month high of $26.07.

Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. Home BancShares had a return on equity of 13.46% and a net margin of 32.41%. During the same period last year, the business posted $0.53 earnings per share. On average, analysts forecast that Home BancShares will post $1.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 16th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, November 14th. Home BancShares’s payout ratio is 30.38%.

Home BancShares Company Profile

Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).

5 Day Chart for NASDAQ:HOMB

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