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

Shares of Home BancShares, Inc. (NYSE:HOMB) have earned an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $31.20.

Several research analysts have recently issued reports on HOMB shares. Wall Street Zen downgraded Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Keefe, Bruyette & Woods cut their target price on shares of Home BancShares from $32.00 to $30.00 and set a “market perform” rating for the company in a research note on Monday, April 20th. Stephens cut their target price on shares of Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Cantor Fitzgerald reissued a “neutral” rating and set a $30.00 target price (down from $31.00) on shares of Home BancShares in a research report on Tuesday, May 19th. Finally, Zacks Research downgraded shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th.

Insider Activity at Home BancShares

In other news, CAO Jennifer C. Floyd sold 3,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total transaction of $81,330.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Allison purchased 100,000 shares of the stock in a transaction dated Friday, April 17th. The shares were purchased at an average price of $26.96 per share, with a total value of $2,696,000.00. Following the transaction, the chief executive officer directly 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. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 6.39% of the company’s stock.

Hedge Funds Weigh In On Home BancShares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Capital Advisors LLC acquired a new stake in Home BancShares during the 4th quarter worth about $1,450,000. Vanguard Group Inc. lifted its holdings in Home BancShares by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 20,423,768 shares of the financial services provider’s stock worth $567,372,000 after purchasing an additional 621,751 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Home BancShares by 220.0% in the 4th quarter. SG Americas Securities LLC now owns 69,900 shares of the financial services provider’s stock worth $1,942,000 after purchasing an additional 48,053 shares during the last quarter. Fieldview Capital Management LLC lifted its holdings in Home BancShares by 86.7% in the 3rd quarter. Fieldview Capital Management LLC now owns 123,552 shares of the financial services provider’s stock worth $3,497,000 after purchasing an additional 57,358 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Home BancShares by 4.4% during the third quarter. Fisher Asset Management LLC now owns 2,082,532 shares of the financial services provider’s stock worth $58,936,000 after buying an additional 88,563 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

Home BancShares Price Performance

Shares of NYSE HOMB opened at $27.14 on Monday. The firm has a market capitalization of $5.47 billion, a P/E ratio of 11.17 and a beta of 0.68. Home BancShares has a one year low of $25.50 and a one year high of $30.83. The company’s fifty day moving average is $26.85 and its two-hundred 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:HOMB) last issued its earnings results on Wednesday, April 15th. The financial services provider reported $0.60 EPS for the quarter, hitting the consensus estimate 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 net margin of 32.48% and a return on equity of 11.11%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS. Analysts forecast that Home BancShares will post 2.48 EPS for the current fiscal year.

Home BancShares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, May 13th. Home BancShares’s dividend payout ratio is currently 34.57%.

Home BancShares Company Profile

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.