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

Home BancShares, Inc. (NYSE:HOMBGet Free Report) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $31.40.

HOMB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their target price on Home BancShares from $32.00 to $30.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. Cantor Fitzgerald dropped their target price on Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Zacks Research lowered Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Finally, Piper Sandler set a $33.00 target price on Home BancShares and gave the company an “overweight” rating in a report on Friday, April 17th.

Get Our Latest Stock Report on HOMB

Home BancShares Trading Down 2.0%

Shares of HOMB stock opened at $25.75 on Thursday. The business’s 50 day moving average is $26.91 and its two-hundred day moving average is $27.83. Home BancShares has a twelve month low of $25.66 and a twelve month high of $30.83. The company has a market capitalization of $5.19 billion, a P/E ratio of 10.59 and a beta of 0.69. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18.

Home BancShares (NYSE:HOMBGet Free Report) last released its earnings results on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $266.71 million for the quarter, compared to analyst estimates of $274.06 million. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 earnings per share. Equities analysts forecast that Home BancShares will post 2.48 EPS for the current year.

Home BancShares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. Home BancShares’s payout ratio is 34.57%.

Insider Activity at Home BancShares

In other Home BancShares news, CAO Jennifer C. Floyd sold 3,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $27.11, for a total transaction of $81,330.00. Following the sale, the chief accounting officer directly owned 4,635 shares in the company, valued at approximately $125,654.85. The trade was a 39.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Allison bought 100,000 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were purchased at an average price of $26.96 per share, for a total transaction of $2,696,000.00. Following the completion of the transaction, the chief executive officer owned 5,798,926 shares of the company’s stock, valued at $156,339,044.96. This represents a 1.75% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 6.39% of the company’s stock.

Institutional Trading of Home BancShares

A number of institutional investors have recently bought and sold shares of HOMB. Norges Bank purchased a new stake in Home BancShares during the fourth quarter worth $66,673,000. First Trust Advisors LP boosted its position in Home BancShares by 37.3% during the fourth quarter. First Trust Advisors LP now owns 3,060,888 shares of the financial services provider’s stock worth $85,031,000 after purchasing an additional 830,823 shares in the last quarter. Vanguard Group Inc. boosted its position in Home BancShares by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 20,423,768 shares of the financial services provider’s stock worth $567,372,000 after purchasing an additional 621,751 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Home BancShares by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 6,720,491 shares of the financial services provider’s stock worth $180,979,000 after purchasing an additional 559,603 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Home BancShares by 82.9% during the third quarter. AQR Capital Management LLC now owns 1,120,706 shares of the financial services provider’s stock worth $31,716,000 after purchasing an additional 508,127 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home BancShares Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Home BancShares (NYSE:HOMB)

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