Home BancShares, Inc. (NYSE:HOMB) Stock Has Average Price Target of $32.57

by · The Cerbat Gem

Home BancShares, Inc. (NYSE:HOMB – Get Free Report) has received an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $32.57.

HOMB has been the topic of several recent research reports. Hovde Group assumed coverage on shares of Home BancShares in a research report on Tuesday, September 8th. They set an “outperform” rating and a $34.00 price objective on the stock. Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Keefe, Bruyette & Woods raised their price target on shares of Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Friday, July 17th. UBS Group restated a “buy” rating on shares of Home BancShares in a report on Friday, October 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home BancShares in a research report on Tuesday.

Read Our Latest Analysis on HOMB

Insider Buying and Selling at Home BancShares

In related news, Director John W. Allison II sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $30.06, for a total value of $405,810.00. Following the completion of the sale, the director directly owned 636,495 shares in the company, valued at approximately $19,133,039.70. The trade was a 2.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.39% of the company’s stock.

Hedge Funds Weigh In On Home BancShares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Home BancShares during the second quarter worth approximately $735,643,000. Azora Capital LP acquired a new stake in shares of Home BancShares in the second quarter worth $62,027,000. Bank of New York Mellon Corp bought a new position in Home BancShares during the second quarter worth $44,068,000. Bank of America Corp DE bought a new position in Home BancShares during the second quarter worth $18,242,000. Finally, Dimensional Fund Advisors LP raised its stake in Home BancShares by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,720,491 shares of the financial services provider’s stock valued at $180,979,000 after purchasing an additional 559,603 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home BancShares Stock Up 1.2%

HOMB opened at $30.48 on Thursday. Home BancShares has a fifty-two week low of $25.50 and a fifty-two week high of $31.70. The business has a 50-day moving average of $29.38 and a 200-day moving average of $28.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $6.10 billion, a PE ratio of 12.10 and a beta of 0.73.

Home BancShares (NYSE:HOMB – Get Free Report) last announced its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $288.44 million during the quarter, compared to analysts’ expectations of $294.42 million. Home BancShares had a return on equity of 11.14% and a net margin of 32.36%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. Equities research analysts forecast that Home BancShares will post 2.53 EPS for the current fiscal year.

Home BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 11th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, November 10th. Home BancShares’s dividend payout ratio (DPR) is presently 37.70%.

Home BancShares Company Profile

(Get Free Report)

Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal subsidiary, Centennial Bank, the company provides banking services to businesses, individuals and institutions, including commercial and consumer lending, residential and commercial real estate loans, deposit accounts, cash management and online banking services.

Centennial Bank serves customers through a network of financial centers and digital banking channels in markets across Arkansas, Florida, Alabama and Texas.

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