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

Key Points

• Home BancShares, Inc. has received a consensus rating of "Moderate Buy", with three analysts rating it as a buy and three as hold, alongside a twelve-month price target average of $33.00.
• The stock has decreased by 0.8%, currently trading at $28.71, with a P/E ratio of 13.11 and a market capitalization of $5.66 billion.
• The company recently announced a quarterly dividend of $0.20 per share, leading to an annualized dividend yield of 2.8%.

Shares of Home BancShares, Inc. (NYSE:HOMB - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $33.00.

Several brokerages have recently issued reports on HOMB. Keefe, Bruyette & Woods upped their price objective on Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a research report on Monday, July 21st. Wall Street Zen downgraded Home BancShares from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Piper Sandler increased their target price on Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Cantor Fitzgerald started coverage on Home BancShares in a research report on Wednesday, September 10th. They set a "neutral" rating and a $32.00 target price on the stock.

Home BancShares Stock Down 0.8%

Shares of NYSE:HOMB opened at $28.71 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. Home BancShares has a 52-week low of $24.22 and a 52-week high of $32.90. The stock's fifty day simple moving average is $29.02 and its 200-day simple moving average is $28.38. The company has a market capitalization of $5.66 billion, a P/E ratio of 13.11 and a beta of 0.81.

Home BancShares (NYSE:HOMB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%.The business had revenue of $271.03 million for the quarter, compared to the consensus estimate of $262.56 million. During the same period in the prior year, the business earned $0.52 earnings per share. The business's revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts forecast that Home BancShares will post 2.19 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 13th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 13th. This represents a $0.80 annualized dividend and a yield of 2.8%. Home BancShares's dividend payout ratio is 36.53%.

Insiders Place Their Bets

In other Home BancShares 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 transaction of $3,302,200.00. Following the completion of the sale, the chief executive officer directly owned 5,540,776 shares in the company, valued at $166,334,095.52. This represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Home BancShares

Several institutional investors and hedge funds have recently added to or reduced their stakes in HOMB. Norges Bank acquired a new stake in Home BancShares during the second quarter worth about $64,545,000. Nuveen LLC acquired a new stake in Home BancShares during the first quarter worth about $41,431,000. American Century Companies Inc. increased its stake in 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 worth $138,772,000 after acquiring an additional 626,655 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Home BancShares during the second quarter worth about $12,931,000. Finally, AQR Capital Management LLC increased its stake in Home BancShares by 87.6% during the second quarter. AQR Capital Management LLC now owns 612,579 shares of the financial services provider's stock worth $17,434,000 after acquiring an additional 286,073 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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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