Home BancShares, Inc. (NYSE:HOMB) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Home BancShares has an average consensus recommendation of "Moderate Buy" from five research firms, with a 12-month target price of $33.20.
• Insider trading activity includes CEO John Stephen Tipton selling 24,159 shares, reflecting a 31.19% decrease in his position.
• The company recently declared a quarterly dividend of $0.20 per share, representing an annualized yield of 2.9%.

Home BancShares, Inc. (NYSE:HOMB - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $33.20.

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Stephens reaffirmed an "overweight" rating and set a $33.00 target price on shares of Home BancShares in a report on Monday, April 21st. Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Royal Bank Of Canada reduced their target price on shares of Home BancShares from $33.00 to $31.00 and set a "sector perform" rating on the stock in a report on Monday, April 21st. Finally, Piper Sandler increased their target price on shares of Home BancShares from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, July 18th.

Insider Buying and Selling at Home BancShares

In other Home BancShares news, insider Kevin Hester sold 7,128 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $28.67, for a total transaction of $204,359.76. Following the completion of the sale, the insider owned 124,912 shares of the company's stock, valued at $3,581,227.04. This represents a 5.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John Stephen Tipton sold 24,159 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $27.52, for a total transaction of $664,855.68. Following the sale, the chief executive officer directly owned 53,308 shares of the company's stock, valued at $1,467,036.16. The trade was a 31.19% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Home BancShares

Several institutional investors have recently added to or reduced their stakes in HOMB. Wealth Enhancement Advisory Services LLC lifted its position in shares of Home BancShares by 12.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider's stock worth $522,000 after purchasing an additional 2,096 shares during the period. Principal Financial Group Inc. lifted its position in shares of Home BancShares by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 428,649 shares of the financial services provider's stock worth $12,118,000 after purchasing an additional 4,019 shares during the period. GAMMA Investing LLC lifted its position in shares of Home BancShares by 60.8% in the 1st quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider's stock worth $74,000 after purchasing an additional 995 shares during the period. Cerity Partners LLC lifted its position in shares of Home BancShares by 48.0% in the 1st quarter. Cerity Partners LLC now owns 18,804 shares of the financial services provider's stock worth $532,000 after purchasing an additional 6,102 shares during the period. Finally, Vest Financial LLC purchased a new stake in shares of Home BancShares in the 1st quarter worth about $1,691,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Home BancShares Price Performance

Shares of NYSE:HOMB opened at $27.92 on Tuesday. The company's fifty day moving average price is $28.65 and its 200-day moving average price is $28.60. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 12.75 and a beta of 0.78. Home BancShares has a one year low of $24.22 and a one year high of $32.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90.

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

Home BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.80 annualized dividend and a yield of 2.9%. Home BancShares's dividend payout ratio is presently 36.53%.

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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