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).
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