Home Bancshares Inc (HOMB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Home Bancshares Inc (NASDAQ:HOMB) have earned a consensus rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $27.50.

A number of equities analysts have recently weighed in on HOMB shares. Sandler O’Neill lowered Home Bancshares from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research note on Friday, October 20th. Royal Bank of Canada reiterated a “hold” rating and set a $28.00 target price on shares of Home Bancshares in a research note on Friday, October 20th. Piper Jaffray Companies set a $25.00 target price on Home Bancshares and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Zacks Investment Research upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, BidaskClub lowered Home Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp increased its stake in Home Bancshares by 34.9% during the 2nd quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock worth $151,902,000 after acquiring an additional 1,579,605 shares during the period. Dimensional Fund Advisors LP increased its stake in Home Bancshares by 39.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock worth $107,318,000 after acquiring an additional 1,206,395 shares during the period. Bank of New York Mellon Corp increased its stake in Home Bancshares by 23.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,871,089 shares of the financial services provider’s stock worth $47,190,000 after acquiring an additional 354,880 shares during the period. Geode Capital Management LLC increased its stake in Home Bancshares by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,396,496 shares of the financial services provider’s stock worth $32,468,000 after acquiring an additional 18,608 shares during the period. Finally, FMR LLC increased its stake in Home Bancshares by 25.1% during the 2nd quarter. FMR LLC now owns 1,176,400 shares of the financial services provider’s stock worth $29,292,000 after acquiring an additional 235,700 shares during the period. Institutional investors own 63.00% of the company’s stock.

Home Bancshares (NASDAQ:HOMB) traded down $0.06 on Tuesday, hitting $23.32. The stock had a trading volume of 650,663 shares, compared to its average volume of 979,515. Home Bancshares has a 52 week low of $20.82 and a 52 week high of $29.69. The firm has a market capitalization of $4,078.64, a PE ratio of 25.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.03.

Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Home Bancshares had a return on equity of 11.18% and a net margin of 21.79%. The company had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $165.40 million. During the same period last year, the firm posted $0.35 earnings per share. The business’s revenue was up 28.4% on a year-over-year basis. analysts forecast that Home Bancshares will post 1.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, February 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.89%. Home Bancshares’s dividend payout ratio (DPR) is currently 48.35%.

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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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