Shares of Home BancShares, Inc. (NASDAQ:HOMB) have earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $28.88.

HOMB has been the subject of several research analyst reports. Merion Capital Group restated a “neutral” rating and issued a $28.50 price objective on shares of Home BancShares in a research report on Monday, April 24th. Keefe, Bruyette & Woods upgraded shares of Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research report on Monday, May 15th. BidaskClub raised shares of Home BancShares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research raised shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Monday, June 26th. Finally, ValuEngine raised shares of Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th.

Shares of Home BancShares (NASDAQ HOMB) traded up 1.32% during mid-day trading on Tuesday, hitting $23.82. The stock had a trading volume of 454,965 shares. Home BancShares has a one year low of $19.74 and a one year high of $29.69. The firm has a 50 day moving average of $24.63 and a 200 day moving average of $25.67. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 17.82 and a beta of 1.18.

Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. The firm had revenue of $131.77 million during the quarter, compared to analysts’ expectations of $132.18 million. During the same quarter in the previous year, the company posted $0.31 EPS. On average, analysts forecast that Home BancShares will post $1.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Monday, August 14th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.09. Home BancShares’s payout ratio is currently 32.84%.

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In other news, Chairman John W. Allison purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was bought at an average price of $25.46 per share, with a total value of $381,900.00. Following the acquisition, the chairman now directly owns 4,968,396 shares of the company’s stock, valued at $126,495,362.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tracy French purchased 3,100 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $23.54 per share, with a total value of $72,974.00. Following the acquisition, the insider now directly owns 102,268 shares in the company, valued at $2,407,388.72. The disclosure for this purchase can be found here. Insiders have acquired a total of 33,100 shares of company stock valued at $825,074 in the last ninety days. Company insiders own 11.27% of the company’s stock.

Several institutional investors have recently made changes to their positions in HOMB. Miles Capital Inc. raised its position in shares of Home BancShares by 0.4% in the first quarter. Miles Capital Inc. now owns 8,771 shares of the financial services provider’s stock valued at $237,000 after buying an additional 31 shares during the period. Alps Advisors Inc. raised its position in shares of Home BancShares by 0.3% in the second quarter. Alps Advisors Inc. now owns 17,068 shares of the financial services provider’s stock valued at $425,000 after buying an additional 44 shares during the period. M&T Bank Corp raised its position in shares of Home BancShares by 0.4% in the second quarter. M&T Bank Corp now owns 12,066 shares of the financial services provider’s stock valued at $300,000 after buying an additional 48 shares during the period. Pacer Advisors Inc. raised its position in shares of Home BancShares by 0.6% in the second quarter. Pacer Advisors Inc. now owns 17,158 shares of the financial services provider’s stock valued at $427,000 after buying an additional 100 shares during the period. Finally, World Asset Management Inc raised its position in shares of Home BancShares by 3.4% in the first quarter. World Asset Management Inc now owns 8,027 shares of the financial services provider’s stock valued at $217,000 after buying an additional 264 shares during the period. 59.23% of the stock is owned by institutional investors.

Home BancShares Company Profile

Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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