Home BancShares, Inc. (NYSE:HOMB) Receives Consensus Recommendation of “Hold” from Analysts

by · The Markets Daily

Shares of Home BancShares, Inc. (NYSE:HOMB – Get Free Report) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.6667.

HOMB has been the topic of several recent research reports. Stephens increased their price objective on Home BancShares from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of Home BancShares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Citigroup reiterated a “neutral” rating and issued a $32.00 price objective (up from $29.00) on shares of Home BancShares in a research note on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods boosted their price objective 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.

Get Our Latest Report on HOMB

Home BancShares Stock Performance

NYSE HOMB opened at $30.99 on Tuesday. The stock has a market cap of $6.24 billion, a PE ratio of 12.80 and a beta of 0.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a 50-day moving average of $28.23 and a 200-day moving average of $27.93. Home BancShares has a 52-week low of $25.50 and a 52-week high of $31.34.

Home BancShares (NYSE:HOMB – Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Home BancShares had a net margin of 32.10% and a return on equity of 11.25%. The firm had revenue of $295.10 million for the quarter, compared to analysts’ expectations of $288.70 million. During the same period in the prior year, the firm earned $0.58 EPS. The business’s revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts anticipate that Home BancShares will post 2.51 EPS for the current year.

Home BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 12th will be given a $0.23 dividend. The ex-dividend date is Wednesday, August 12th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Home BancShares’s dividend payout ratio (DPR) is presently 34.71%.

Institutional Investors Weigh In On Home BancShares

Large investors have recently added to or reduced their stakes in the stock. Trust Point Inc. bought a new position in Home BancShares during the 2nd quarter worth $205,000. Kwmg LLC lifted its position in shares of Home BancShares by 2.6% during the 2nd quarter. Kwmg LLC now owns 266,746 shares of the financial services provider’s stock valued at $7,616,000 after acquiring an additional 6,820 shares during the period. Apella Capital LLC grew its holdings in shares of Home BancShares by 41.6% during the 2nd quarter. Apella Capital LLC now owns 14,534 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 4,273 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Home BancShares by 153.3% during the 2nd quarter. Versant Capital Management Inc now owns 1,857 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,124 shares in the last quarter. Finally, Cim Investment Management Inc. increased its position in shares of Home BancShares by 41.3% in the first quarter. Cim Investment Management Inc. now owns 11,999 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 3,508 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home BancShares Company Profile

(Get Free Report)

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.

Featured Stories