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

Home BancShares, Inc. (NYSE:HOMB) has received an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $32.60.

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Home BancShares in a report on Monday, December 29th. Wall Street Zen downgraded Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $35.00 price target (up from $34.00) on shares of Home BancShares in a research note on Friday, January 16th. Royal Bank Of Canada set a $31.00 price target on Home BancShares in a research report on Monday, January 12th. Finally, Zacks Research upgraded Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th.

Home BancShares Stock Performance

Shares of HOMB stock opened at $28.25 on Friday. Home BancShares has a 12-month low of $24.22 and a 12-month high of $30.83. The company has a market capitalization of $5.55 billion, a P/E ratio of 11.72 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $28.85 and its two-hundred day moving average is $28.45.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $282.09 million during the quarter, compared to analyst estimates of $272.48 million. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. Analysts expect that Home BancShares will post 2.19 EPS for the current fiscal year.

Home BancShares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, February 11th. Home BancShares’s dividend payout ratio is 34.85%.

Insider Buying and Selling at Home BancShares

In related news, Director Donna Townsell sold 5,563 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $28.38, for a total transaction of $157,877.94. Following the transaction, the director directly owned 218,460 shares in the company, valued at approximately $6,199,894.80. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Home BancShares by 3.6% during the first 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 worth $12,453,000 after purchasing an additional 15,259 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Home BancShares by 82.7% in the 1st quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock valued at $7,826,000 after buying an additional 125,301 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Home BancShares by 19.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,804 shares of the financial services provider’s stock worth $336,000 after buying an additional 1,930 shares during the last quarter. CWM LLC raised its position in shares of Home BancShares by 20.2% during the 2nd quarter. CWM LLC now owns 16,815 shares of the financial services provider’s stock valued at $479,000 after buying an additional 2,826 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Home BancShares during the 2nd quarter valued at approximately $251,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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.