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

Shares of Home BancShares, Inc. (NYSE:HOMBGet Free Report) have received an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $31.20.

Several brokerages recently issued reports on HOMB. Piper Sandler set a $33.00 target price on shares of Home BancShares and gave the stock an “overweight” rating in a research note on Friday, April 17th. Cantor Fitzgerald restated a “neutral” rating and set a $30.00 price objective (down from $31.00) on shares of Home BancShares in a report on Tuesday, May 19th. Keefe, Bruyette & Woods lowered their price objective on shares of Home BancShares from $32.00 to $30.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. Zacks Research downgraded shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Weiss Ratings downgraded shares of Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th.

Get Our Latest Stock Report on Home BancShares

Insider Buying and Selling at Home BancShares

In other Home BancShares news, CAO Jennifer C. Floyd sold 3,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The shares were 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 in the company, valued at approximately $125,654.85. This represents a 39.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John W. Allison acquired 100,000 shares of the stock in a transaction on Friday, April 17th. The shares were acquired at an average price of $26.96 per share, for a total transaction of $2,696,000.00. Following the acquisition, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 6.39% of the company’s stock.

Institutional Trading of Home BancShares

Several institutional investors and hedge funds have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Home BancShares by 0.8% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 52,582 shares of the financial services provider’s stock valued at $1,461,000 after purchasing an additional 410 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Home BancShares by 4.3% in the third quarter. Quadrant Capital Group LLC now owns 10,360 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 425 shares during the last quarter. Villanova Investment Management Co LLC raised its holdings in shares of Home BancShares by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 114,093 shares of the financial services provider’s stock valued at $3,170,000 after purchasing an additional 468 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of Home BancShares by 76.9% in the first quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 474 shares during the last quarter. Finally, DRW Securities LLC increased its holdings in Home BancShares by 2.8% during the fourth quarter. DRW Securities LLC now owns 19,495 shares of the financial services provider’s stock worth $542,000 after buying an additional 524 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home BancShares Trading Down 0.8%

NYSE:HOMB opened at $28.54 on Friday. The firm has a market cap of $5.75 billion, a P/E ratio of 11.74 and a beta of 0.68. Home BancShares has a 52 week low of $25.50 and a 52 week high of $30.83. The firm’s fifty day moving average is $27.08 and its 200-day moving average is $27.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.92.

Home BancShares (NYSE:HOMBGet Free Report) last issued its earnings results on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 net margin of 32.48% and a return on equity of 11.11%. Home BancShares’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. Equities analysts expect that Home BancShares will post 2.48 earnings per share for the current year.

Home BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.21 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.84 annualized dividend and a yield of 2.9%. Home BancShares’s dividend payout ratio is presently 34.57%.

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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