Home BancShares, Inc. (NYSE:HOMB) Given Average Recommendation of “Hold” by Analysts

Shares of Home BancShares, Inc. (NYSE:HOMB) have earned a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Five 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 price target among brokerages that have updated their coverage on the stock in the last year is $31.20.

HOMB has been the subject of a number of recent research reports. Stephens reduced their price objective on Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Cantor Fitzgerald reiterated a “neutral” rating and set a $30.00 price objective (down from $31.00) on shares of Home BancShares in a research note on Tuesday, May 19th. Keefe, Bruyette & Woods reduced their price objective on Home BancShares from $32.00 to $30.00 and set a “market perform” rating for the company in a research note on Monday, April 20th. Finally, Weiss Ratings lowered Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th.

Insider Transactions at Home BancShares

In related news, CEO John W. Allison acquired 100,000 shares of Home BancShares stock in a transaction on Friday, April 17th. The stock was acquired at an average price of $26.96 per share, for a total transaction of $2,696,000.00. Following the purchase, the chief executive officer owned 5,798,926 shares of the company’s stock, valued at approximately $156,339,044.96. This represents a 1.75% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer C. Floyd sold 3,000 shares of Home BancShares stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total value of $81,330.00. Following the transaction, the chief accounting officer owned 4,635 shares of the company’s stock, valued at $125,654.85. The trade was a 39.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 6.39% of the company’s stock.

Hedge Funds Weigh In On Home BancShares

A number of institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC grew its position in shares of Home BancShares by 76.9% during the 1st quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 474 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Home BancShares by 164.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 674 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Home BancShares during the 4th quarter valued at about $36,000. Covestor Ltd grew its position in shares of Home BancShares by 110.6% during the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 697 shares during the period. Finally, Binnacle Investments Inc grew its position in shares of Home BancShares by 76.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 577 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home BancShares Stock Performance

Shares of HOMB stock opened at $28.70 on Friday. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 11.81 and a beta of 0.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. The business has a fifty day moving average of $26.97 and a 200 day moving average of $27.75. Home BancShares has a 1 year low of $25.50 and a 1 year high of $30.83.

Home BancShares (NYSE:HOMB) last issued its earnings results 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 company had revenue of $266.71 million during the quarter, compared to analyst estimates of $274.06 million. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. As a group, research analysts expect that Home BancShares will post 2.48 earnings per share for the current year.

Home BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. Home BancShares’s dividend payout ratio (DPR) is presently 34.57%.

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.