Shares of Home BancShares, Inc. (NASDAQ:HOMB) have been given an average recommendation of “Hold” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $28.70.

Several equities research analysts have recently commented on HOMB shares. BidaskClub raised Home BancShares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research raised Home BancShares from a “sell” rating to a “hold” rating in a report on Monday, June 26th. ValuEngine raised Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 price target on shares of Home BancShares in a report on Friday, July 21st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $27.00 price target on shares of Home BancShares in a report on Friday, July 21st.

Shares of Home BancShares (HOMB) traded up 0.85% during mid-day trading on Friday, hitting $22.51. The company had a trading volume of 2,580,281 shares. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 16.84 and a beta of 1.19. Home BancShares has a 52-week low of $19.74 and a 52-week high of $29.69. The firm has a 50-day moving average price of $23.61 and a 200 day moving average price of $25.08.

Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. During the same quarter in the prior year, the firm posted $0.31 EPS. Analysts expect that Home BancShares will post $1.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.11 per share. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.44 annualized dividend and a yield of 1.95%. Home BancShares’s dividend payout ratio (DPR) is currently 32.84%.

In other news, insider Tracy French bought 3,100 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $23.54 per share, with a total value of $72,974.00. Following the completion of the acquisition, the insider now owns 102,268 shares of the company’s stock, valued at $2,407,388.72. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman John W. Allison bought 15,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were purchased at an average cost of $25.46 per share, with a total value of $381,900.00. Following the acquisition, the chairman now directly owns 4,968,396 shares of the company’s stock, valued at approximately $126,495,362.16. The disclosure for this purchase can be found here. Insiders have acquired a total of 33,100 shares of company stock valued at $825,074 in the last ninety days. Insiders own 11.27% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Home BancShares during the second quarter worth $384,000. Koch Industries Inc. acquired a new stake in shares of Home BancShares during the second quarter worth $274,000. Sterling Capital Management LLC lifted its holdings in shares of Home BancShares by 13.7% during the second quarter. Sterling Capital Management LLC now owns 67,489 shares of the financial services provider’s stock worth $1,680,000 after buying an additional 8,128 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Home BancShares by 366.4% during the second quarter. Ameritas Investment Partners Inc. now owns 48,751 shares of the financial services provider’s stock worth $1,214,000 after buying an additional 38,298 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new stake in shares of Home BancShares during the second quarter worth $1,236,000. 60.61% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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