Home BancShares, Inc. (NYSE:HOMB) Receives $32.80 Consensus Price Target from Analysts

Shares of Home BancShares, Inc. (NYSE:HOMB) have earned a consensus rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $32.6667.

A number of research firms recently commented on HOMB. Keefe, Bruyette & Woods lifted their target price on shares of Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, July 17th. Piper Sandler restated an “overweight” rating and issued a $36.00 target price (up from $33.00) on shares of Home BancShares in a research note on Friday, July 17th. Benchmark initiated coverage on Home BancShares in a research report on Wednesday, June 24th. They set a “hold” rating for the company. Citigroup reiterated a “neutral” rating and set a $32.00 price target (up from $29.00) on shares of Home BancShares in a research note on Tuesday. Finally, Weiss Ratings raised Home BancShares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th.

Hedge Funds Weigh In On Home BancShares

Institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its holdings in Home BancShares by 164.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock valued at $30,000 after buying an additional 674 shares in the last quarter. Root Financial Partners LLC grew its holdings in Home BancShares by 76.9% in the first quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 474 shares during the period. Kestra Advisory Services LLC purchased a new stake in Home BancShares in the 4th quarter worth $36,000. Covestor Ltd increased its stake in shares of Home BancShares by 110.6% during the fourth quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 697 shares in the last quarter. Finally, Binnacle Investments Inc increased its stake in Home BancShares by 76.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock worth $38,000 after buying an additional 577 shares in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Home BancShares Trading Up 1.0%

Home BancShares stock opened at $30.69 on Tuesday. 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 stock has a market cap of $6.18 billion, a PE ratio of 12.68 and a beta of 0.68. The stock has a 50-day moving average of $28.03 and a two-hundred day moving average of $27.89. Home BancShares has a one year low of $25.50 and a one year high of $31.18.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Home BancShares had a return on equity of 11.25% and a net margin of 32.10%.The business had revenue of $295.10 million for the quarter, compared to analyst estimates of $288.70 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. On average, research analysts anticipate that Home BancShares will post 2.51 EPS for the current fiscal year.

Home BancShares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, August 12th. This is an increase from Home BancShares’s previous quarterly dividend of $0.21. Home BancShares’s dividend payout ratio (DPR) is 34.71%.

About Home BancShares

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.