Home BancShares, Inc. (NYSE:HOMB) Receives Average Recommendation of “Hold” from Brokerages

Home BancShares, Inc. (NYSE:HOMBGet Free Report) has been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $32.6667.

HOMB has been the subject of several recent analyst reports. Wall Street Zen raised shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of Home BancShares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Keefe, Bruyette & Woods raised their target price on shares of Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Friday, July 17th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Home BancShares in a research note on Thursday, July 16th. Finally, Citigroup reiterated a “neutral” rating and set a $32.00 price target (up from $29.00) on shares of Home BancShares in a report on Tuesday.

Read Our Latest Research Report on Home BancShares

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HOMB. Vanguard Group Inc. raised its holdings in shares of Home BancShares by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 20,423,768 shares of the financial services provider’s stock worth $567,372,000 after buying an additional 621,751 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Home BancShares by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,720,491 shares of the financial services provider’s stock valued at $180,979,000 after acquiring an additional 559,603 shares during the period. Capital Research Global Investors boosted its holdings in Home BancShares by 4.5% during the 4th quarter. Capital Research Global Investors now owns 5,588,267 shares of the financial services provider’s stock valued at $155,242,000 after acquiring an additional 238,548 shares during the period. First Trust Advisors LP grew its position in Home BancShares by 13.4% in the 1st quarter. First Trust Advisors LP now owns 3,471,607 shares of the financial services provider’s stock valued at $93,490,000 after acquiring an additional 410,719 shares during the last quarter. Finally, Nuveen LLC grew its position in Home BancShares by 8.4% in the 4th quarter. Nuveen LLC now owns 2,776,469 shares of the financial services provider’s stock valued at $77,130,000 after acquiring an additional 215,940 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

Home BancShares Price Performance

Shares of Home BancShares stock opened at $30.98 on Tuesday. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 12.80 and a beta of 0.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day moving average price of $28.13 and a 200-day moving average price of $27.91. Home BancShares has a one year low of $25.50 and a one year high of $31.24.

Home BancShares (NYSE:HOMBGet Free Report) last released its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $295.10 million for the quarter, compared to analyst estimates of $288.70 million. Home BancShares had a return on equity of 11.25% and a net margin of 32.10%.Home BancShares’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. Equities analysts expect that Home BancShares will post 2.51 EPS for the current year.

Home BancShares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This is an increase from Home BancShares’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 3.0%. Home BancShares’s payout ratio is 34.71%.

About Home BancShares

(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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