Home BancShares, Inc. (HOMB) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: Home BancShares has a “Moderate Buy” consensus, split between five buy and five hold ratings. The average 12-month price target is $32.57 versus a reported share price of $29.67.
• Quarterly results slightly exceeded expectations: The company reported earnings of $0.65 per share, ahead of the $0.64 consensus estimate, while revenue rose 3.9% year over year to $288.44 million but fell short of estimates.
• Investors receive a 3.1% dividend yield: Home BancShares declared a quarterly dividend of $0.23 per share, or $0.92 annualized, with a payout ratio of 37.7%. Institutional investors own 67.31% of the company, while the CEO recently sold 12,000 shares.

Home BancShares, Inc. (NYSE:HOMB - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten analysts that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $32.57.

Several brokerages have recently commented on HOMB. Citigroup decreased their target price on Home BancShares from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Monday, October 19th. Keefe, Bruyette & Woods upped their price target on Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a research report on Friday, July 17th. Weiss Ratings raised Home BancShares from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 5th. UBS Group restated a "buy" rating on shares of Home BancShares in a research note on Friday, October 16th. Finally, Hovde Group began coverage on shares of Home BancShares in a report on Tuesday, September 8th. They issued an "outperform" rating and a $34.00 price objective for the company.

Home BancShares Price Performance

Shares of HOMB stock opened at $29.67 on Thursday. The firm has a market cap of $5.93 billion, a P/E ratio of 12.16 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. Home BancShares has a 1-year low of $25.50 and a 1-year high of $31.70. The firm has a fifty day moving average of $29.38 and a two-hundred day moving average of $28.54.

Home BancShares (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. Home BancShares had a return on equity of 11.14% and a net margin of 32.36%. The firm had revenue of $288.44 million during the quarter, compared to analyst estimates of $294.42 million. During the same period in the previous year, the company earned $0.61 earnings per share. Home BancShares's quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts anticipate that Home BancShares will post 2.53 earnings per share for the current fiscal year.

Home BancShares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 11th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, November 10th. Home BancShares's dividend payout ratio is 37.70%.

Insider Buying and Selling at Home BancShares

In other news, CEO John Tipton sold 12,000 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $31.59, for a total value of $379,080.00. Following the transaction, the chief executive officer directly owned 76,308 shares in the company, valued at approximately $2,410,569.72. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.39% of the company's stock.

Institutional Investors Weigh In On Home BancShares

Institutional investors have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Home BancShares by 135.8% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 29,000 shares of the financial services provider's stock valued at $817,000 after acquiring an additional 16,700 shares during the period. Parcion Private Wealth LLC grew its position in shares of Home BancShares by 77.3% during the third quarter. Parcion Private Wealth LLC now owns 12,775 shares of the financial services provider's stock worth $360,000 after acquiring an additional 5,568 shares during the last quarter. Signaturefd LLC grew its position in shares of Home BancShares by 44.8% during the third quarter. Signaturefd LLC now owns 5,254 shares of the financial services provider's stock worth $148,000 after acquiring an additional 1,625 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of Home BancShares in the 3rd quarter worth about $517,000. Finally, MBL Wealth LLC acquired a new stake in shares of Home BancShares in the 3rd quarter worth about $446,000. Institutional investors own 67.31% of the company's stock.

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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