Shares of Home BancShares, Inc. (NYSE:HOMB – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $32.57.
A number of research analysts have recently commented on HOMB shares. Hovde Group initiated coverage on shares of Home BancShares in a report on Tuesday, September 8th. They issued an “outperform” rating and a $34.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating and set a $34.00 price target (down from $36.00) on shares of Home BancShares in a report on Friday, October 16th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Home BancShares in a research report on Thursday, October 15th. UBS Group reiterated a “buy” rating on shares of Home BancShares in a report on Friday, October 16th. Finally, Weiss Ratings upgraded Home BancShares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th.
View Our Latest Stock Analysis on HOMB
Insider Activity at Home BancShares
In other news, Director John W. Allison II sold 13,500 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $30.06, for a total value of $405,810.00. Following the completion of the transaction, the director owned 636,495 shares of the company’s stock, valued at $19,133,039.70. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John Tipton sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $31.59, for a total transaction of $379,080.00. Following the completion of the transaction, the chief executive officer owned 76,308 shares of the company’s stock, valued at approximately $2,410,569.72. This trade represents a 13.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 6.39% of the company’s stock.
Institutional Trading of Home BancShares
Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Home BancShares in the second quarter worth approximately $735,643,000. Azora Capital LP acquired a new stake in Home BancShares in the second quarter valued at approximately $62,027,000. Bank of New York Mellon Corp bought a new stake in shares of Home BancShares during the second quarter valued at approximately $44,068,000. Bank of America Corp DE bought a new stake in shares of Home BancShares during the second quarter valued at approximately $18,242,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 valued at $180,979,000 after acquiring an additional 559,603 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.
Home BancShares Stock Performance
Shares of NYSE:HOMB opened at $29.76 on Thursday. Home BancShares has a 1 year low of $25.50 and a 1 year high of $31.70. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 12.20 and a beta of 0.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.92 and a quick ratio of 0.92. The company’s 50 day simple moving average is $29.37 and its 200 day simple moving average is $28.55.
Home BancShares (NYSE:HOMB – Get Free Report) last posted its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Home BancShares had a return on equity of 11.14% and a net margin of 32.36%. The company had revenue of $288.44 million during the quarter, compared to analysts’ expectations of $294.42 million. During the same quarter in the previous year, the firm earned $0.61 EPS. Home BancShares’s revenue was up 3.9% on a year-over-year basis. As a group, research analysts predict that Home BancShares will post 2.53 EPS for the current fiscal year.
Home BancShares Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 11th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, November 10th. Home BancShares’s payout ratio is 37.70%.
About Home BancShares
Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal subsidiary, Centennial Bank, the company provides banking services to businesses, individuals and institutions, including commercial and consumer lending, residential and commercial real estate loans, deposit accounts, cash management and online banking services.
Centennial Bank serves customers through a network of financial centers and digital banking channels in markets across Arkansas, Florida, Alabama and Texas.
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