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

Shares of Home BancShares, Inc. (NYSE:HOMB) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.80.

A number of brokerages have commented on HOMB. Wall Street Zen downgraded Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Home BancShares in a research note on Thursday. Piper Sandler reissued an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of Home BancShares in a research note on Friday. Weiss Ratings upgraded Home BancShares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods raised their target price on Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday.

Home BancShares Trading Down 1.5%

NYSE:HOMB opened at $30.38 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.92. Home BancShares has a one year low of $25.50 and a one year high of $31.18. The business’s 50-day simple moving average is $27.76 and its 200 day simple moving average is $27.83. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 12.55 and a beta of 0.68.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $295.10 million during the quarter, compared to analyst estimates of $288.70 million. Home BancShares had a return on equity of 11.25% and a net margin of 32.10%.Home BancShares’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 EPS. As a group, sell-side analysts predict that Home BancShares will post 2.48 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, May 13th. Home BancShares’s payout ratio is presently 34.71%.

Institutional Investors Weigh In On Home BancShares

A number of institutional investors and hedge funds have recently modified their holdings of HOMB. Norges Bank acquired a new position in shares of Home BancShares in the 4th quarter valued at $66,673,000. First Trust Advisors LP lifted its position in shares of Home BancShares by 37.3% in the 4th quarter. First Trust Advisors LP now owns 3,060,888 shares of the financial services provider’s stock valued at $85,031,000 after acquiring an additional 830,823 shares in the last quarter. Vanguard Group Inc. boosted its stake in Home BancShares by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 20,423,768 shares of the financial services provider’s stock worth $567,372,000 after purchasing an additional 621,751 shares during the period. Dimensional Fund Advisors LP grew its position in Home BancShares by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,720,491 shares of the financial services provider’s stock worth $180,979,000 after purchasing an additional 559,603 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Home BancShares by 82.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,120,706 shares of the financial services provider’s stock worth $31,716,000 after purchasing an additional 508,127 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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.