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

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

A number of research firms recently issued reports on HOMB. Weiss Ratings restated a “buy (b-)” rating on shares of Home BancShares in a report on Monday, December 29th. Royal Bank Of Canada set a $31.00 price objective on shares of Home BancShares in a research report on Monday, January 12th. Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Piper Sandler reissued an “overweight” rating and issued a $35.00 target price (up previously from $34.00) on shares of Home BancShares in a research note on Friday, January 16th. Finally, Zacks Research upgraded Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th.

Home BancShares Stock Up 0.7%

Shares of HOMB opened at $29.41 on Friday. The stock’s 50-day moving average price is $28.86 and its two-hundred day moving average price is $28.43. Home BancShares has a 12 month low of $24.22 and a 12 month high of $30.83. The company has a market capitalization of $5.78 billion, a PE ratio of 12.20 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

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

Home BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, February 11th. Home BancShares’s dividend payout ratio (DPR) is presently 34.85%.

Insider Buying and Selling at Home BancShares

In other Home BancShares news, Director Donna Townsell sold 5,563 shares of the company’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total value of $157,877.94. Following the completion of the sale, the director owned 218,460 shares in the company, valued at $6,199,894.80. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 6.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Home BancShares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC lifted its stake in Home BancShares by 164.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 674 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Home BancShares in the 4th quarter valued at about $36,000. Covestor Ltd lifted its position in shares of Home BancShares by 110.6% in the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 697 shares during the period. Binnacle Investments Inc boosted its stake in shares of Home BancShares by 76.7% during the second quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 577 shares in the last quarter. Finally, First Horizon Corp bought a new position in shares of Home BancShares during the third quarter valued at approximately $43,000. Institutional investors 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.