Home BancShares, Inc. (NYSE:HOMB) Receives Average Rating of “Hold” from Brokerages

Home BancShares, Inc. (NYSE:HOMB) has earned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $31.20.

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Home BancShares from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Monday, April 20th. Stephens lowered their price objective on shares of Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Wall Street Zen lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Piper Sandler set a $33.00 price objective on shares of Home BancShares and gave the stock an “overweight” rating in a report on Friday, April 17th. Finally, Zacks Research lowered shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th.

Home BancShares Price Performance

HOMB opened at $26.73 on Monday. The stock has a 50-day moving average price of $26.82 and a 200-day moving average price of $27.77. Home BancShares has a 12-month low of $25.50 and a 12-month high of $30.83. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $5.38 billion, a P/E ratio of 11.00 and a beta of 0.68.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $266.71 million during the quarter, compared to analysts’ expectations of $274.06 million. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. Equities analysts predict that Home BancShares will post 2.48 earnings per share for the current fiscal year.

Home BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, May 13th. Home BancShares’s dividend payout ratio is 34.57%.

Insider Activity

In related news, CEO John W. Allison bought 100,000 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was purchased at an average cost of $26.96 per share, with a total value of $2,696,000.00. Following the transaction, the chief executive officer owned 5,798,926 shares in the company, valued at approximately $156,339,044.96. This trade represents a 1.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer C. Floyd sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $27.11, for a total transaction of $81,330.00. Following the completion of the sale, the chief accounting officer directly owned 4,635 shares of the company’s stock, valued at approximately $125,654.85. This represents a 39.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.39% of the company’s stock.

Institutional Trading of Home BancShares

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Home BancShares by 3.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,497 shares of the financial services provider’s stock worth $12,453,000 after acquiring an additional 15,259 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Home BancShares by 82.7% in the first quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock worth $7,826,000 after acquiring an additional 125,301 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of Home BancShares by 13.2% in the second quarter. Baird Financial Group Inc. now owns 21,500 shares of the financial services provider’s stock worth $612,000 after acquiring an additional 2,500 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Home BancShares in the second quarter worth $1,015,000. Finally, Jump Financial LLC purchased a new stake in shares of Home BancShares in the second quarter worth $230,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

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.