Home BancShares, Inc. (NYSE:HOMB) Receives $32.60 Consensus Price Target from Analysts

Shares of Home BancShares, Inc. (NYSE:HOMB) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $32.60.

Several analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a report on Monday, December 29th. Zacks Research raised shares of Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Royal Bank Of Canada set a $31.00 price target on shares of Home BancShares in a research report on Monday, January 12th. Piper Sandler restated an “overweight” rating and set a $35.00 price objective (up from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Finally, Wall Street Zen upgraded Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th.

Home BancShares Stock Performance

Shares of NYSE:HOMB opened at $28.94 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.18. The firm has a market cap of $5.69 billion, a PE ratio of 12.01 and a beta of 0.78. The company’s 50 day moving average price is $28.42 and its two-hundred day moving average price is $28.35. Home BancShares has a 12-month low of $24.22 and a 12-month high of $31.27.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $282.09 million for the quarter, compared to the consensus estimate 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 in the prior year, the business posted $0.50 earnings per share. Equities research analysts predict that Home BancShares will post 2.19 earnings per share for the current year.

Home BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, February 11th. Home BancShares’s dividend payout ratio is currently 34.85%.

Insider Buying and Selling at Home BancShares

In related news, Director Donna Townsell sold 5,563 shares of Home BancShares stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $28.38, for a total transaction of $157,877.94. Following the sale, the director directly owned 218,460 shares of the company’s stock, valued at approximately $6,199,894.80. The trade was a 2.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Home BancShares

Several hedge funds have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Home BancShares by 3.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,497 shares of the financial services provider’s stock valued at $12,453,000 after acquiring an additional 15,259 shares during the period. Jane Street Group LLC lifted its holdings in shares of Home BancShares by 82.7% during the first quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock worth $7,826,000 after purchasing an additional 125,301 shares during the period. Dakota Wealth Management grew its stake in shares of Home BancShares by 11.2% in the second quarter. Dakota Wealth Management now owns 10,060 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 1,015 shares during the last quarter. 111 Capital acquired a new stake in Home BancShares in the second quarter valued at $278,000. Finally, Gutierrez Wealth Advisory LLC increased its holdings in Home BancShares by 66.4% in the second quarter. Gutierrez Wealth Advisory LLC now owns 34,147 shares of the financial services provider’s stock valued at $972,000 after purchasing an additional 13,632 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Home BancShares Company Profile

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.