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

Shares of Home BancShares, Inc. (NYSE:HOMB) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $32.8333.

HOMB has been the topic of a number of research reports. Piper Sandler restated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of Home BancShares in a research report on Friday, July 17th. Benchmark assumed coverage on Home BancShares in a research report on Wednesday, June 24th. They issued a “hold” rating for the company. Stephens lifted their price target on Home BancShares from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $31.00 price target (up from $30.00) on shares of Home BancShares in a research note on Wednesday. Finally, Weiss Ratings upgraded Home BancShares from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th.

Insider Transactions at Home BancShares

In other Home BancShares news, CEO John Stephen Tipton sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $31.59, for a total value of $379,080.00. Following the completion of the transaction, the chief executive officer directly owned 76,308 shares in the company, valued at approximately $2,410,569.72. This represents a 13.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.39% of the company’s stock.

Institutional Trading of Home BancShares

Institutional investors have recently modified their holdings of the business. Root Financial Partners LLC increased its holdings in Home BancShares by 76.9% in the first quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 474 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in 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 worth $30,000 after buying 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 grew 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 valued at $37,000 after buying an additional 697 shares during the last quarter. Finally, Binnacle Investments Inc grew its position in shares of Home BancShares by 76.7% in 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 during the last quarter. Institutional investors own 67.31% of the company’s stock.

Home BancShares Stock Performance

Shares of Home BancShares stock opened at $30.28 on Friday. The company’s 50 day moving average price is $29.80 and its two-hundred day moving average price is $28.24. The firm has a market capitalization of $6.06 billion, a P/E ratio of 12.51 and a beta of 0.69. Home BancShares has a fifty-two week low of $25.50 and a fifty-two week high of $31.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Home BancShares had a net margin of 32.10% and a return on equity of 11.12%. The company had revenue of $295.10 million during the quarter, compared to the consensus estimate of $288.70 million. During the same period in the prior year, the business earned $0.58 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities analysts forecast that Home BancShares will post 2.51 earnings per share for the current fiscal year.

Home BancShares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.21. Home BancShares’s payout ratio is presently 38.02%.

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.