Brokerages Set Home BancShares, Inc. (NYSE:HOMB) Price Target at $31.20

Home BancShares, Inc. (NYSE:HOMBGet Free Report) has earned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $31.20.

Several analysts recently issued reports on the company. 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 reiterated a “neutral” rating and set a $30.00 target price (down from $31.00) on shares of Home BancShares in a report on Tuesday, May 19th. Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Stephens dropped their target price on Home BancShares from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Finally, Piper Sandler set a $33.00 target price on Home BancShares and gave the stock an “overweight” rating in a report on Friday, April 17th.

Read Our Latest Report on Home BancShares

Home BancShares Stock Performance

Shares of Home BancShares stock opened at $26.16 on Monday. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 10.76 and a beta of 0.68. The stock’s 50-day moving average is $26.83 and its 200-day moving average is $27.75. Home BancShares has a one year low of $25.50 and a one year high of $30.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92.

Home BancShares (NYSE:HOMBGet Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The company 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 quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 earnings per share. Equities analysts predict that Home BancShares will post 2.48 earnings per share for the current fiscal year.

Home BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, May 13th. Home BancShares’s payout ratio is 34.57%.

Insider Buying and Selling

In other Home BancShares news, CAO Jennifer C. Floyd sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer owned 4,635 shares of the company’s stock, valued at $125,654.85. The trade was a 39.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Allison purchased 100,000 shares of the stock in a transaction on Friday, April 17th. The shares were acquired at an average cost of $26.96 per share, for a total transaction of $2,696,000.00. Following the transaction, the chief executive officer owned 5,798,926 shares of the company’s stock, valued at approximately $156,339,044.96. The trade was a 1.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 6.39% of the stock is owned by insiders.

Hedge Funds Weigh In On Home BancShares

Several institutional investors and hedge funds have recently made changes to their positions in HOMB. Vanguard Group Inc. boosted its position 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 valued at $567,372,000 after acquiring an additional 621,751 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Home BancShares by 9.1% in the first 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 position in shares of Home BancShares by 4.5% in the fourth 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 boosted its position in shares of Home BancShares by 13.4% in the first 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 period. Finally, Nuveen LLC boosted its position in shares of Home BancShares by 8.4% in the fourth 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 period. Institutional investors and hedge funds own 67.31% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Home BancShares (NYSE:HOMB)

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