Home BancShares, Inc. (NYSE:HOMB) Receives Consensus Rating of “Hold” from Analysts

Shares of Home BancShares, Inc. (NYSE:HOMB) have received an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $31.20.

A number of equities analysts recently commented on the company. Stephens dropped their price objective on Home BancShares from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Piper Sandler set a $33.00 target price on shares of Home BancShares and gave the stock an “overweight” rating in a research report on Friday, April 17th. Benchmark assumed coverage on shares of Home BancShares in a research note on Wednesday, June 24th. They set a “hold” rating on the stock. Zacks Research downgraded shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Weiss Ratings lowered shares of Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th.

Insider Transactions at Home BancShares

In related news, CEO John W. Allison acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were acquired at an average cost of $26.96 per share, with a total value of $2,696,000.00. Following the purchase, the chief executive officer owned 5,798,926 shares of the company’s stock, valued at approximately $156,339,044.96. The trade was a 1.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer C. Floyd sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $27.11, for a total value of $81,330.00. Following the completion of the sale, the chief accounting officer owned 4,635 shares of the company’s stock, valued at approximately $125,654.85. This trade represents a 39.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.39% of the stock is owned by insiders.

Institutional Trading of Home BancShares

Several large investors have recently modified their holdings of HOMB. Root Financial Partners LLC grew its holdings in Home BancShares by 76.9% in the 1st quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock valued at $29,000 after buying an additional 474 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Home BancShares by 164.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock worth $30,000 after buying an additional 674 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Home BancShares during the fourth quarter worth approximately $36,000. Covestor Ltd boosted its position in shares of Home BancShares by 110.6% in the fourth quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 697 shares during the period. Finally, Binnacle Investments Inc grew its stake in shares of Home BancShares by 76.7% in the second quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 577 shares during the last quarter. 67.31% of the stock is owned by institutional investors.

Home BancShares Stock Performance

Shares of NYSE HOMB opened at $28.70 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. Home BancShares has a one year low of $25.50 and a one year high of $30.83. The business’s 50-day moving average price is $27.15 and its two-hundred day moving average price is $27.77. The company has a market capitalization of $5.78 billion, a P/E ratio of 11.81 and a beta of 0.68.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $266.71 million during the quarter, compared to the consensus estimate of $274.06 million. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.56 EPS. Analysts anticipate that Home BancShares will post 2.48 earnings per share for the current fiscal year.

Home BancShares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, May 13th. Home BancShares’s dividend payout ratio (DPR) is 34.57%.

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.