Home BancShares, Inc. (HOMB) – What Are Brokerages Saying About This Stock?

Shares of Home BancShares, Inc. (NYSE:HOMB) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $32.57.

Several equities analysts recently weighed in on HOMB shares. Hovde Group began coverage on shares of Home BancShares in a research report on Tuesday, September 8th. They set an “outperform” rating and a $34.00 price objective on the stock. Cantor Fitzgerald restated a “neutral” rating on shares of Home BancShares in a research note on Thursday, October 15th. Weiss Ratings upgraded shares of Home BancShares from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Citigroup reduced their price objective on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, October 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, July 17th.

Insider Buying and Selling at Home BancShares

In other news, Director John W. Allison II sold 13,500 shares of the company’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $30.06, for a total transaction of $405,810.00. Following the completion of the sale, the director owned 636,495 shares in the company, valued at approximately $19,133,039.70. This represents a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Home BancShares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new position in Home BancShares in the 2nd quarter valued at $4,628,000. Bank of America Corp DE raised its holdings in Home BancShares by 14.5% in the 1st quarter. Bank of America Corp DE now owns 886,006 shares of the financial services provider’s stock worth $23,860,000 after acquiring an additional 111,888 shares during the period. Wellington Management Group LLP lifted its position in Home BancShares by 23.9% during the 2nd quarter. Wellington Management Group LLP now owns 977,284 shares of the financial services provider’s stock worth $27,901,000 after acquiring an additional 188,710 shares during the last quarter. First Trust Advisors LP lifted its position in Home BancShares by 13.4% during the 1st quarter. First Trust Advisors LP now owns 3,471,607 shares of the financial services provider’s stock worth $93,490,000 after acquiring an additional 410,719 shares during the last quarter. Finally, Odyssean LLC boosted its holdings in Home BancShares by 93.8% during the second quarter. Odyssean LLC now owns 105,232 shares of the financial services provider’s stock valued at $3,004,000 after acquiring an additional 50,943 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Home BancShares Price Performance

HOMB opened at $30.44 on Thursday. The stock has a fifty day moving average of $29.37 and a 200-day moving average of $28.56. The firm has a market capitalization of $6.09 billion, a P/E ratio of 11.94 and a beta of 0.72. Home BancShares has a 12-month low of $25.50 and a 12-month high of $31.70. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.12.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. Home BancShares had a return on equity of 11.14% and a net margin of 32.36%. The firm had revenue of $288.44 million for the quarter, compared to analyst estimates of $294.42 million. During the same period in the previous year, the firm earned $0.61 earnings per share. Home BancShares’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts forecast that Home BancShares will post 2.53 EPS for the current fiscal year.

Home BancShares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 11th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, November 10th. Home BancShares’s dividend payout ratio (DPR) is 37.70%.

Home BancShares Company Profile

Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal subsidiary, Centennial Bank, the company provides banking services to businesses, individuals and institutions, including commercial and consumer lending, residential and commercial real estate loans, deposit accounts, cash management and online banking services.

Centennial Bank serves customers through a network of financial centers and digital banking channels in markets across Arkansas, Florida, Alabama and Texas.