Home Bancshares Given Consensus Rating of “Buy” by Analysts (NASDAQ:HOMB)
Shares of Home Bancshares (NASDAQ:HOMB) have received an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, Analyst Ratings.Net reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $34.78.
Shares of Home Bancshares (NASDAQ:HOMB) opened at 30.13 on Tuesday. Home Bancshares has a 52 week low of $24.83 and a 52 week high of $38.98. The stock has a 50-day moving average of $32.24 and a 200-day moving average of $32.67. The company has a market cap of $1.963 billion and a price-to-earnings ratio of 21.77.
Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, July 17th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.01. During the same quarter in the previous year, the company posted $0.32 earnings per share. Analysts expect that Home Bancshares will post $1.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, August 11th. This is a positive change from Home Bancshares’s previous quarterly dividend of $0.08.
A number of research firms have recently commented on HOMB. Analysts at FIG Partners upgraded shares of Home Bancshares from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $35.00 price target on the stock, down previously from $36.50. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Home Bancshares in a research note on Friday, July 18th. They now have a $37.00 price target on the stock, down previously from $38.00. Finally, analysts at Raymond James reiterated a “hold” rating on shares of Home Bancshares in a research note on Friday, May 16th. They now have a $38.00 price target on the stock, up previously from $28.70.
Home BancShares, Inc (NASDAQ:HOMB), incorporated on September 01, 1989, is a bank holding company.
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