Home BancShares, Inc. (HOMB) Receives $28.70 Consensus PT from Brokerages

Home BancShares, Inc. (NASDAQ:HOMB) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $28.70.

Several research firms have weighed in on HOMB. Stephens restated an “overweight” rating and issued a $28.00 price target (down from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. ValuEngine downgraded Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded Home BancShares from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Piper Jaffray Companies reiterated a “hold” rating and set a $27.00 target price on shares of Home BancShares in a research report on Friday, July 21st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 target price on shares of Home BancShares in a research report on Friday, July 21st.

In related news, Chairman John W. Allison purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were bought at an average price of $25.46 per share, for a total transaction of $381,900.00. Following the acquisition, the chairman now owns 4,968,396 shares of the company’s stock, valued at approximately $126,495,362.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tracy French purchased 3,100 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $23.54 per share, for a total transaction of $72,974.00. Following the acquisition, the insider now directly owns 102,268 shares in the company, valued at approximately $2,407,388.72. The disclosure for this purchase can be found here. Insiders have purchased a total of 33,100 shares of company stock worth $825,074 in the last 90 days. 11.27% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund purchased a new stake in Home BancShares in the second quarter worth $119,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Home BancShares by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 379 shares during the period. Advisor Group Inc. increased its stake in Home BancShares by 11.7% in the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 554 shares during the period. LS Investment Advisors LLC increased its stake in Home BancShares by 58.7% in the first quarter. LS Investment Advisors LLC now owns 7,367 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 2,725 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new stake in Home BancShares in the first quarter worth $204,000. Institutional investors and hedge funds own 60.58% of the company’s stock.

Shares of Home BancShares (HOMB) traded up 0.04% during midday trading on Friday, reaching $22.76. 462,283 shares of the company were exchanged. Home BancShares has a 12-month low of $19.74 and a 12-month high of $29.69. The stock has a market capitalization of $3.26 billion, a P/E ratio of 17.02 and a beta of 1.19. The company has a 50 day moving average price of $23.55 and a 200-day moving average price of $24.98.

Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. The business had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. During the same period in the prior year, the company posted $0.31 EPS. On average, analysts forecast that Home BancShares will post $1.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Monday, August 14th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.09. Home BancShares’s dividend payout ratio is presently 32.84%.

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About Home BancShares

Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).

Analyst Recommendations for Home BancShares (NASDAQ:HOMB)

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