Home BancShares, Inc. (NYSE:HOMB) Receives $32.40 Average PT from Brokerages

Shares of Home BancShares, Inc. (NYSE:HOMB) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $32.40.

HOMB has been the topic of several recent analyst reports. Cantor Fitzgerald decreased their price target on Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Piper Sandler restated an “overweight” rating and issued a $35.00 price objective (up from $34.00) on shares of Home BancShares in a report on Friday, January 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. Zacks Research lowered shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Royal Bank Of Canada set a $31.00 price target on shares of Home BancShares in a research report on Monday, January 12th.

Home BancShares Trading Down 0.0%

HOMB opened at $26.11 on Wednesday. Home BancShares has a one year low of $24.22 and a one year high of $30.83. The stock has a market capitalization of $5.13 billion, a PE ratio of 10.83 and a beta of 0.78. The business’s 50 day moving average price is $28.38 and its 200 day moving average price is $28.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 0.91.

Home BancShares (NYSE:HOMB) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $269.25 million during the quarter, compared to analysts’ expectations of $272.48 million. Home BancShares had a return on equity of 11.16% and a net margin of 32.18%.The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. As a group, equities research analysts expect that Home BancShares will post 2.19 EPS for the current year.

Home BancShares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, February 11th. Home BancShares’s dividend payout ratio (DPR) is 34.85%.

Insiders Place Their Bets

In related news, Director Donna Townsell sold 5,563 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total value of $157,877.94. Following the sale, the director owned 218,460 shares in the company, valued at approximately $6,199,894.80. The trade was a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Allison II sold 5,000 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $28.19, for a total value of $140,950.00. Following the transaction, the director directly owned 651,995 shares in the company, valued at approximately $18,379,739.05. The trade was a 0.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.39% of the stock is owned by corporate insiders.

Institutional Trading of Home BancShares

A number of institutional investors and hedge funds have recently bought and sold shares of HOMB. CIBC Private Wealth Group LLC boosted its stake in shares of Home BancShares by 164.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 674 shares during the period. Kestra Advisory Services LLC purchased a new stake in Home BancShares during the 4th quarter worth approximately $36,000. Covestor Ltd increased its stake in Home BancShares by 110.6% during the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock worth $37,000 after buying an additional 697 shares during the period. Binnacle Investments Inc lifted its holdings in Home BancShares by 76.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock worth $38,000 after buying an additional 577 shares in the last quarter. Finally, First Horizon Corp acquired a new stake in Home BancShares during the 3rd quarter worth approximately $43,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

About Home BancShares

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.