Home BancShares, Inc. (NYSE:HOMB) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Home BancShares, Inc. has been assigned a consensus rating of "Moderate Buy" by research analysts, with a target price averaging around $32.83.
• Recent insider trading activity includes CEO John W. Allison selling 110,000 shares at an average price of $30.02, reducing ownership by 1.95%.
• The company reported a quarterly EPS of $0.61, exceeding estimates, with a revenue of $277.70 million, reflecting a year-over-year growth of 7.6%.

Shares of Home BancShares, Inc. (NYSE:HOMB - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $32.8333.

Several research analysts have recently commented on HOMB shares. Wall Street Zen downgraded Home BancShares from a "hold" rating to a "sell" rating in a research note on Sunday, October 12th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Home BancShares in a research note on Wednesday, October 8th. Cantor Fitzgerald assumed coverage on Home BancShares in a research note on Wednesday, September 10th. They issued a "neutral" rating and a $32.00 price objective for the company. Piper Sandler set a $34.00 price objective on Home BancShares and gave the stock an "overweight" rating in a research note on Friday. Finally, Keefe, Bruyette & Woods upped their price objective on Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday, July 21st.

Insider Buying and Selling at Home BancShares

In other news, CEO John W. Allison sold 110,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $30.02, for a total value of $3,302,200.00. Following the completion of the transaction, the chief executive officer owned 5,540,776 shares of the company's stock, valued at $166,334,095.52. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Home BancShares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Binnacle Investments Inc boosted its stake 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 buying an additional 577 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Home BancShares during the first quarter valued at approximately $39,000. Summit Securities Group LLC bought a new position in Home BancShares during the first quarter valued at approximately $64,000. GAMMA Investing LLC boosted its stake in Home BancShares by 60.8% during the first quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider's stock valued at $74,000 after buying an additional 995 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Home BancShares by 4,480.3% during the second quarter. Hantz Financial Services Inc. now owns 2,794 shares of the financial services provider's stock valued at $80,000 after buying an additional 2,733 shares during the last quarter. 67.31% of the stock is owned by institutional investors.

Home BancShares Stock Up 2.5%

NYSE HOMB opened at $27.19 on Friday. The stock's 50-day moving average price is $28.77 and its 200-day moving average price is $28.33. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.20. Home BancShares has a 52 week low of $24.22 and a 52 week high of $32.90. The company has a market capitalization of $5.36 billion, a P/E ratio of 11.72 and a beta of 0.78.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. Home BancShares had a return on equity of 10.94% and a net margin of 31.20%.The firm had revenue of $277.70 million for the quarter, compared to the consensus estimate of $269.96 million. During the same quarter last year, the company earned $0.50 earnings per share. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that Home BancShares will post 2.19 earnings per share for the current year.

Home BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 13th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.9%. Home BancShares's dividend payout ratio is 34.48%.

Home BancShares Company Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.

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