Home BancShares (NYSE:HOMB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Home BancShares (NYSE:HOMB) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada set a $31.00 price target on shares of Home BancShares in a report on Monday, January 12th. 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 report on Friday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.60.

Home BancShares Price Performance

Shares of HOMB opened at $28.93 on Friday. Home BancShares has a 52 week low of $24.22 and a 52 week high of $31.27. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 12.00 and a beta of 0.78. The stock has a 50 day moving average of $28.15 and a 200-day moving average of $28.38.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings data 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. Home BancShares had a return on equity of 11.16% and a net margin of 32.18%.The firm had revenue of $282.09 million for the quarter, compared to analysts’ expectations of $272.48 million. During the same period last year, the business posted $0.50 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, analysts forecast that Home BancShares will post 2.19 EPS for the current year.

Home BancShares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. This is an increase from Home BancShares’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, November 12th. Home BancShares’s dividend payout ratio is currently 34.85%.

Institutional Trading of Home BancShares

Several large investors have recently bought and sold shares of HOMB. Kwmg LLC increased its stake in Home BancShares by 2.1% during the 4th quarter. Kwmg LLC now owns 252,379 shares of the financial services provider’s stock valued at $7,011,000 after purchasing an additional 5,114 shares in the last quarter. BTC Capital Management Inc. grew its holdings in shares of Home BancShares by 10.3% during the fourth quarter. BTC Capital Management Inc. now owns 20,810 shares of the financial services provider’s stock valued at $579,000 after buying an additional 1,949 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Home BancShares by 32.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 62,115 shares of the financial services provider’s stock valued at $1,726,000 after acquiring an additional 15,095 shares during the period. SG Americas Securities LLC increased its position in shares of Home BancShares by 220.0% in the 4th quarter. SG Americas Securities LLC now owns 69,900 shares of the financial services provider’s stock valued at $1,942,000 after acquiring an additional 48,053 shares during the period. Finally, GAMMA Investing LLC raised its stake in Home BancShares by 48.8% in the 4th quarter. GAMMA Investing LLC now owns 2,937 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 963 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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.