Home BancShares, Inc. (NYSE:HOMB) Receives $32.40 Consensus Target Price from Analysts

Home BancShares, Inc. (NYSE:HOMB) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $32.40.

HOMB has been the subject of a number of research reports. Royal Bank Of Canada lowered their price target on Home BancShares from $33.00 to $31.00 and set a “sector perform” rating for the company in a research report on Monday, April 21st. Stephens reiterated an “overweight” rating and issued a $33.00 price target on shares of Home BancShares in a report on Monday, April 21st. Finally, Wall Street Zen upgraded Home BancShares from a “sell” rating to a “hold” rating in a research note on Thursday, April 24th.

Insider Buying and Selling at Home BancShares

In other news, insider Kevin Hester sold 7,128 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total transaction of $204,359.76. Following the transaction, the insider now directly owns 124,912 shares of the company’s stock, valued at approximately $3,581,227.04. This trade represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer C. Floyd sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total value of $68,625.00. Following the completion of the sale, the chief accounting officer now owns 4,301 shares of the company’s stock, valued at $118,062.45. This trade represents a 36.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Michigan Retirement System increased its stake in shares of Home BancShares by 0.9% during the 1st quarter. State of Michigan Retirement System now owns 44,230 shares of the financial services provider’s stock worth $1,250,000 after purchasing an additional 400 shares during the last quarter. Everhart Financial Group Inc. lifted its position in shares of Home BancShares by 2.1% in the fourth quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider’s stock worth $568,000 after buying an additional 409 shares during the last quarter. Xponance Inc. boosted its stake in shares of Home BancShares by 1.8% during the 1st quarter. Xponance Inc. now owns 26,770 shares of the financial services provider’s stock worth $757,000 after acquiring an additional 476 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Home BancShares by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the financial services provider’s stock valued at $1,464,000 after acquiring an additional 500 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Home BancShares by 48.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 530 shares in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Home BancShares Stock Up 0.4%

Shares of Home BancShares stock opened at $27.54 on Monday. Home BancShares has a one year low of $22.90 and a one year high of $32.91. The company has a market cap of $5.44 billion, a P/E ratio of 13.11 and a beta of 0.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a fifty day moving average of $27.93 and a two-hundred day moving average of $28.66.

Home BancShares (NYSE:HOMB) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. Home BancShares had a return on equity of 10.49% and a net margin of 28.44%. The company had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. On average, analysts forecast that Home BancShares will post 2.19 earnings per share for the current year.

Home BancShares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.80 annualized dividend and a yield of 2.90%. This is a boost from Home BancShares’s previous quarterly dividend of $0.20. Home BancShares’s dividend payout ratio is presently 38.10%.

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.