Brokerages Set Home BancShares, Inc. (NYSE:HOMB) PT at $32.60

Home BancShares, Inc. (NYSE:HOMB) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Three investment 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 price objective among brokerages that have issued ratings on the stock in the last year is $32.60.

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

Home BancShares Trading Up 1.1%

Home BancShares stock opened at $29.21 on Tuesday. The stock has a 50-day moving average price of $28.47 and a 200 day moving average price of $28.34. Home BancShares has a 52 week low of $24.22 and a 52 week high of $31.27. The stock has a market cap of $5.74 billion, a PE ratio of 12.12 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Home BancShares (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The company 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 firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. Equities research analysts predict that Home BancShares will post 2.19 earnings per share for the current fiscal year.

Home BancShares Announces Dividend

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

Insider Buying and Selling

In other Home BancShares news, 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 transaction, the director owned 218,460 shares of the company’s stock, valued at $6,199,894.80. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HOMB. Binnacle Investments Inc grew its position in Home BancShares by 76.7% during the second quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 577 shares during the period. First Horizon Corp acquired a new position in shares of Home BancShares in the 3rd quarter valued at about $43,000. Torren Management LLC purchased a new stake in shares of Home BancShares during the 4th quarter worth about $49,000. Danske Bank A S acquired a new stake in Home BancShares during the 3rd quarter worth approximately $57,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in Home BancShares during the 4th quarter worth approximately $62,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

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.