Home BancShares, Inc. (NYSE:HOMB) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Consensus "Hold" — Seven brokerages give Home BancShares a consensus rating of "Hold" (4 holds, 3 buys) with an average 12‑month price target of $32.40, reflecting mixed analyst views and targets roughly in the $31–$35 range.
• Insider selling — Two directors disclosed recent sales (Donna Townsell 5,563 shares at $28.38; John W. Allison II 5,000 shares at $28.19), and insiders own 6.39% of the company.
• Performance & dividend — Q4 EPS matched estimates at $0.60 with revenue slightly below consensus, the stock trades at a PE of 11.62, and Home BancShares pays a $0.84 annual dividend (yield ~3.0%, payout ratio ~34.9%).

Home BancShares, Inc. (NYSE:HOMB - Get Free Report) has earned a consensus rating of "Hold" from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $32.40.

HOMB has been the topic of a number of analyst reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Home BancShares in a research report on Monday, December 29th. Wall Street Zen upgraded Home BancShares from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Royal Bank Of Canada set a $31.00 price target on Home BancShares in a research report on Monday, January 12th. Piper Sandler reiterated an "overweight" rating and issued a $35.00 price target (up from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Finally, Cantor Fitzgerald reduced their price target on Home BancShares from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 3rd.

Insider Transactions at Home BancShares

In other news, Director Donna Townsell sold 5,563 shares of the business's stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total value of $157,877.94. Following the transaction, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Allison II sold 5,000 shares of the business's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $28.19, for a total value of $140,950.00. Following the completion of the transaction, the director directly owned 651,995 shares in the company, valued at $18,379,739.05. This represents a 0.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC raised its stake in Home BancShares by 164.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider's stock worth $30,000 after buying an additional 674 shares during the period. Kestra Advisory Services LLC acquired a new position in Home BancShares during the 4th quarter worth approximately $36,000. Covestor Ltd raised its stake in Home BancShares by 110.6% during the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider's stock worth $37,000 after buying an additional 697 shares during the period. Binnacle Investments Inc raised its stake in Home BancShares by 76.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider's stock worth $38,000 after buying an additional 577 shares during the period. Finally, First Horizon Corp acquired a new position in Home BancShares during the 3rd quarter worth approximately $43,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Home BancShares Price Performance

Home BancShares stock opened at $28.01 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $5.51 billion, a PE ratio of 11.62 and a beta of 0.75. Home BancShares has a 12 month low of $24.78 and a 12 month high of $30.83. The stock has a 50-day moving average price of $27.92 and a two-hundred day moving average price of $27.96.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $269.25 million during the quarter, compared to the consensus estimate of $272.48 million. Home BancShares had a return on equity of 11.16% and a net margin of 32.18%.The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. Analysts expect that Home BancShares will post 2.19 EPS for the current year.

Home BancShares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, February 11th. Home BancShares's payout ratio is 34.85%.

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.

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