Analysts Set Home BancShares, Inc. (NYSE:HOMB) Price Target at $32.60

Home BancShares, Inc. (NYSE:HOMB) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $32.60.

A number of brokerages have recently issued reports on HOMB. Piper Sandler reissued 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. Zacks Research raised shares of Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Royal Bank Of Canada set a $31.00 price target on Home BancShares in a report on Monday, January 12th.

Home BancShares Stock Up 1.3%

Shares of HOMB opened at $28.65 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $28.83 and a 200 day moving average of $28.45. The company has a market cap of $5.63 billion, a PE ratio of 11.89 and a beta of 0.80. Home BancShares has a 52-week low of $24.22 and a 52-week high of $30.83.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $282.09 million for the quarter, compared to analysts’ expectations of $272.48 million. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. On average, sell-side analysts expect that Home BancShares will post 2.19 EPS for the current year.

Home BancShares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $0.84 dividend on an annualized basis and a yield of 2.9%. Home BancShares’s payout ratio is currently 34.85%.

Insider Transactions at Home BancShares

In other news, Director John W. Allison II sold 5,000 shares of Home BancShares stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $28.19, for a total value of $140,950.00. Following the transaction, the director owned 651,995 shares of the company’s stock, valued at $18,379,739.05. The trade was a 0.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donna Townsell sold 5,563 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $28.38, for a total transaction of $157,877.94. Following the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Home BancShares

A number of institutional investors have recently made changes to their positions in HOMB. Vanguard Group Inc. increased its position in Home BancShares by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 20,423,768 shares of the financial services provider’s stock valued at $567,372,000 after buying an additional 621,751 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Home BancShares by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,160,888 shares of the financial services provider’s stock worth $171,152,000 after acquiring an additional 203,392 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Home BancShares by 4.5% during the fourth quarter. Capital Research Global Investors now owns 5,588,267 shares of the financial services provider’s stock worth $155,242,000 after acquiring an additional 238,548 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Home BancShares by 14.7% during the second quarter. American Century Companies Inc. now owns 4,876,022 shares of the financial services provider’s stock valued at $138,772,000 after acquiring an additional 626,655 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Home BancShares by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,572,656 shares of the financial services provider’s stock valued at $130,151,000 after purchasing an additional 26,511 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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.