Home BancShares, Inc. (NYSE:HOMB) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Home BancShares, Inc. (NYSE:HOMB) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $32.60.

Several research analysts have commented on the stock. Piper Sandler restated an “overweight” rating and issued a $35.00 target price (up previously from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Royal Bank Of Canada set a $31.00 price objective on Home BancShares in a report on Monday, January 12th. Zacks Research raised Home BancShares from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Wall Street Zen raised Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th.

Home BancShares Price Performance

Shares of NYSE HOMB opened at $28.52 on Tuesday. Home BancShares has a 1-year low of $24.22 and a 1-year high of $31.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.90. The business’s fifty day moving average price is $28.32 and its two-hundred day moving average price is $28.35. The firm has a market capitalization of $5.61 billion, a PE ratio of 11.83 and a beta of 0.78.

Home BancShares (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The business had revenue of $282.09 million during the quarter, compared to analyst estimates of $272.48 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, research analysts expect that Home BancShares will post 2.19 EPS for the current year.

Home BancShares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, February 11th. Home BancShares’s dividend payout ratio is 34.85%.

Hedge Funds Weigh In On Home BancShares

Hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Home BancShares in the second quarter valued at about $64,545,000. First Trust Advisors LP lifted its holdings in shares of Home BancShares by 52.5% during the 3rd quarter. First Trust Advisors LP now owns 2,230,065 shares of the financial services provider’s stock valued at $63,111,000 after buying an additional 767,844 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Home BancShares by 14.7% in the 2nd quarter. American Century Companies Inc. now owns 4,876,022 shares of the financial services provider’s stock valued at $138,772,000 after buying an additional 626,655 shares in the last quarter. AQR Capital Management LLC increased its holdings in Home BancShares by 82.9% in the third quarter. AQR Capital Management LLC now owns 1,120,706 shares of the financial services provider’s stock worth $31,716,000 after buying an additional 508,127 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Home BancShares during the second quarter valued at approximately $12,931,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Home BancShares Company Profile

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.