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

Home BancShares, Inc. (NYSE:HOMB) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $32.60.

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Royal Bank Of Canada set a $31.00 target price on Home BancShares in a research report on Monday, January 12th. Wall Street Zen cut shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $35.00 target price (up from $34.00) on shares of Home BancShares in a research note on Friday, January 16th.

Insider Buying and Selling at Home BancShares

In other Home BancShares news, Director John W. Allison II sold 5,000 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $28.19, for a total value of $140,950.00. Following the sale, the director owned 651,995 shares of the company’s stock, valued at $18,379,739.05. This trade represents a 0.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna Townsell sold 5,563 shares of Home BancShares stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $28.38, for a total value of $157,877.94. Following the completion of the transaction, the director owned 218,460 shares of the company’s stock, valued at $6,199,894.80. The trade was a 2.48% decrease in their position. The SEC filing for this sale provides additional information. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Home BancShares

A number of large investors have recently made changes to their positions in HOMB. Villanova Investment Management Co LLC lifted its stake in 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 worth $3,170,000 after acquiring an additional 468 shares during the last quarter. TMB Capital Partners LLC acquired a new stake in shares of Home BancShares in the 4th quarter valued at $1,849,000. Invesco Ltd. lifted its position in shares of Home BancShares by 5.9% during the 4th quarter. Invesco Ltd. now owns 458,757 shares of the financial services provider’s stock worth $12,744,000 after purchasing an additional 25,541 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Home BancShares during the fourth quarter worth $204,000. Finally, State of Tennessee Department of Treasury grew its stake in shares of Home BancShares by 3.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 77,717 shares of the financial services provider’s stock worth $2,246,000 after purchasing an additional 2,587 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home BancShares Stock Performance

Shares of HOMB stock opened at $27.45 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.91. The firm has a market cap of $5.39 billion, a P/E ratio of 11.39 and a beta of 0.80. The firm’s 50 day moving average price is $28.82 and its 200-day moving average price is $28.45. Home BancShares has a one year low of $24.22 and a one year high of $30.83.

Home BancShares (NYSE:HOMB) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The firm had revenue of $269.25 million during the quarter, compared to the consensus estimate of $272.48 million. During the same quarter last year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities research analysts predict that Home BancShares will post 2.19 EPS for the current year.

Home BancShares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Home BancShares’s dividend payout ratio is currently 34.85%.

About Home BancShares

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.