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

Shares of Home BancShares, Inc. (NYSE:HOMB) have earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $32.40.

HOMB has been the topic of a number of recent research reports. Zacks Research raised Home BancShares from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Wall Street Zen raised Home BancShares from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Piper Sandler restated an “overweight” rating and issued a $35.00 price objective (up from $34.00) on shares of Home BancShares in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home BancShares in a report on Monday, December 29th. Finally, Royal Bank Of Canada set a $31.00 target price on shares of Home BancShares in a research report on Monday, January 12th.

Insider Activity at Home BancShares

In other Home BancShares news, Director John W. Allison II sold 5,000 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $28.19, for a total transaction of $140,950.00. Following the sale, the director owned 651,995 shares of the company’s stock, valued at $18,379,739.05. The trade was a 0.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Donna Townsell sold 5,563 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total value of $157,877.94. Following the sale, the director owned 218,460 shares in the company, valued at approximately $6,199,894.80. This represents a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 6.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Home BancShares

Several hedge funds have recently made changes to their positions in HOMB. CIBC Private Wealth Group LLC raised its stake 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 purchasing an additional 674 shares during the period. Kestra Advisory Services LLC bought a new position in Home BancShares in the 4th quarter worth about $36,000. Covestor Ltd grew its holdings in 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 buying an additional 697 shares in the last quarter. Binnacle Investments Inc grew its holdings in 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 buying an additional 577 shares in the last quarter. Finally, First Horizon Corp bought a new stake in shares of Home BancShares during the third quarter valued at about $43,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home BancShares Trading Up 0.1%

NYSE:HOMB opened at $26.40 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $5.19 billion, a PE ratio of 10.95 and a beta of 0.78. The firm’s 50 day moving average is $28.53 and its 200 day moving average is $28.26. Home BancShares has a 12 month low of $24.22 and a 12 month high of $30.83.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. Home BancShares had a return on equity of 11.16% and a net margin of 32.18%.The business had revenue of $269.25 million during the quarter, compared to analyst estimates of $272.48 million. During the same period in the prior year, the company earned $0.50 earnings per share. Home BancShares’s revenue was up 9.2% compared to the same quarter last year. Sell-side analysts expect that Home BancShares will post 2.19 earnings per share for the current year.

Home BancShares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, February 11th. Home BancShares’s dividend payout ratio is presently 34.85%.

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.