Home BancShares, Inc. (HOMB) – What Are Researchers Saying About This Stock?

Shares of Home BancShares, Inc. (NYSE:HOMB) have been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $33.00.

Several equities research analysts recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of Home BancShares in a report on Friday, July 17th. Stephens raised their target price on shares of Home BancShares from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Hovde Group assumed coverage on shares of Home BancShares in a research report on Tuesday, September 8th. They set an “outperform” rating and a $34.00 price target on the stock. Citigroup reaffirmed a “neutral” rating and issued a $32.00 price target (up from $29.00) on shares of Home BancShares in a research note on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Friday, July 17th.

Home BancShares Stock Down 0.7%

Shares of Home BancShares stock opened at $28.27 on Friday. 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 has a 1-year low of $25.50 and a 1-year high of $31.70. The business’s fifty day moving average price is $29.83 and its two-hundred day moving average price is $28.51. The company has a market capitalization of $5.66 billion, a P/E ratio of 11.68 and a beta of 0.72.

Home BancShares (NYSE:HOMB) last released 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 return on equity of 11.12% and a net margin of 32.10%. The company had revenue of $295.10 million during the quarter, compared to analysts’ expectations of $288.70 million. During the same quarter in the prior year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, research analysts forecast that Home BancShares will post 2.51 EPS for the current year.

Home BancShares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Home BancShares’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, August 12th. Home BancShares’s payout ratio is currently 38.02%.

Insiders Place Their Bets

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

Institutional Trading of Home BancShares

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Home BancShares by 15.6% during the third quarter. GAMMA Investing LLC now owns 2,869 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 387 shares during the period. Farther Finance Advisors LLC raised its position in Home BancShares by 281.2% in the third quarter. Farther Finance Advisors LLC now owns 3,926 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 2,896 shares in the last quarter. Fenimore Asset Management Inc lifted its holdings in Home BancShares by 0.5% in the 3rd quarter. Fenimore Asset Management Inc now owns 502,183 shares of the financial services provider’s stock valued at $14,152,000 after acquiring an additional 2,323 shares during the last quarter. Apella Capital LLC boosted its position in shares of Home BancShares by 8.7% during the 3rd quarter. Apella Capital LLC now owns 15,804 shares of the financial services provider’s stock valued at $445,000 after purchasing an additional 1,270 shares in the last quarter. Finally, Everhart Financial Group Inc. boosted its position in shares of Home BancShares by 3.0% during the 3rd quarter. Everhart Financial Group Inc. now owns 22,621 shares of the financial services provider’s stock valued at $637,000 after purchasing an additional 654 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Home BancShares Company Profile

Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal banking subsidiary, Centennial Bank, the company provides a range of financial services to individuals, businesses and institutions.

Centennial Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, commercial and industrial financing, treasury management, online and mobile banking, and other traditional banking services. The bank serves customers through a network of financial centers and digital channels.

Home BancShares was established in 1998 and has expanded through a combination of organic growth and acquisitions.