Brokerages Set Home BancShares, Inc. (NYSE:HOMB) PT at $32.40

Home BancShares, Inc. (NYSE:HOMB - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $32.40.

A number of analysts have recently issued reports on the stock. Stephens reiterated an "overweight" rating and issued a $33.00 price objective on shares of Home BancShares in a report on Monday, April 21st. Royal Bank Of Canada cut their price target on shares of Home BancShares from $33.00 to $31.00 and set a "sector perform" rating for the company in a research note on Monday, April 21st. Finally, Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th.

Insider Buying and Selling

In related news, CEO John Stephen Tipton sold 24,159 shares of Home BancShares stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $27.52, for a total transaction of $664,855.68. Following the completion of the transaction, the chief executive officer owned 53,308 shares in the company, valued at approximately $1,467,036.16. This trade represents a 31.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kevin Hester sold 7,128 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total value of $204,359.76. Following the sale, the insider owned 124,912 shares of the company's stock, valued at approximately $3,581,227.04. This represents a 5.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,787 shares of company stock worth $937,840. Company insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Home BancShares

Institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Home BancShares in the fourth quarter valued at approximately $60,169,000. Nuveen LLC acquired a new stake in shares of Home BancShares in the first quarter valued at approximately $41,431,000. Boston Partners acquired a new position in Home BancShares during the fourth quarter valued at approximately $27,825,000. Point72 Asset Management L.P. lifted its stake in Home BancShares by 1,545.1% during the fourth quarter. Point72 Asset Management L.P. now owns 393,171 shares of the financial services provider's stock worth $11,127,000 after purchasing an additional 369,271 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Home BancShares by 24.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,285,348 shares of the financial services provider's stock worth $36,375,000 after purchasing an additional 250,703 shares during the last quarter. Institutional investors own 67.31% of the company's stock.

Home BancShares Stock Up 0.5%

Shares of NYSE HOMB traded up $0.16 during midday trading on Friday, reaching $29.51. The company's stock had a trading volume of 977,188 shares, compared to its average volume of 1,009,599. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. Home BancShares has a fifty-two week low of $24.22 and a fifty-two week high of $32.91. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 14.05 and a beta of 0.79. The stock has a 50 day simple moving average of $28.61 and a 200-day simple moving average of $28.54.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. Home BancShares had a net margin of 28.44% and a return on equity of 10.49%. The company had revenue of $260.08 million for the quarter, compared to the consensus estimate of $255.20 million. Equities research analysts predict that Home BancShares will post 2.19 earnings per share for the current year.

Home BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.71%. This is a boost from Home BancShares's previous quarterly dividend of $0.20. Home BancShares's dividend payout ratio (DPR) is presently 38.10%.

About Home BancShares

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.