Home BancShares, Inc. (NYSE:HOMB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Home BancShares, Inc. (NYSE:HOMB) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $32.8333.

A number of brokerages have recently issued reports on HOMB. Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a report on Monday. Wall Street Zen lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a report on Sunday, November 2nd. Cantor Fitzgerald assumed coverage on shares of Home BancShares in a report on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 price target for the company. Finally, Piper Sandler set a $34.00 price target on shares of Home BancShares and gave the company an “overweight” rating in a research report on Friday, October 17th.

Institutional Trading of Home BancShares

A number of large investors have recently modified their holdings of the business. Binnacle Investments Inc increased its position 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 purchasing an additional 577 shares during the last quarter. First Horizon Corp purchased a new position in Home BancShares in the 3rd quarter worth approximately $43,000. Danske Bank A S bought a new position in shares of Home BancShares in the 3rd quarter worth $57,000. Rothschild Investment LLC increased its holdings in shares of Home BancShares by 505.9% in the 3rd quarter. Rothschild Investment LLC now owns 2,272 shares of the financial services provider’s stock worth $64,000 after buying an additional 1,897 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Home BancShares by 4,480.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,794 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 2,733 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

Home BancShares Price Performance

Shares of NYSE HOMB opened at $27.78 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 0.90. Home BancShares has a fifty-two week low of $24.22 and a fifty-two week high of $31.27. The stock has a market cap of $5.46 billion, a PE ratio of 11.97 and a beta of 0.78. The stock has a fifty day moving average of $27.81 and a 200-day moving average of $28.37.

Home BancShares (NYSE:HOMB) last issued its earnings results on Wednesday, October 15th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $277.67 million during the quarter, compared to the consensus estimate of $269.96 million. Home BancShares had a return on equity of 10.94% and a net margin of 31.20%.The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. Equities research analysts anticipate that Home BancShares will post 2.19 earnings per share for the current year.

Home BancShares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th were paid a $0.21 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $0.84 dividend on an annualized basis and a yield of 3.0%. This is an increase from Home BancShares’s previous quarterly dividend of $0.20. Home BancShares’s dividend payout ratio is currently 36.21%.

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.