Home Bancshares Inc (NASDAQ:HOMB) Receives Average Rating of “Hold” from Analysts

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Home Bancshares Inc (NASDAQ:HOMB) has received an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $23.00.

Several equities research analysts have issued reports on the stock. TheStreet upgraded shares of Home Bancshares from a “c+” rating to a “b-” rating in a research note on Friday, July 26th. Stephens set a $22.00 price target on shares of Home Bancshares and gave the company a “buy” rating in a research note on Monday, April 22nd. BidaskClub lowered shares of Home Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Piper Jaffray Companies set a $22.00 price target on shares of Home Bancshares and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research lowered shares of Home Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th.

HOMB stock traded up $0.60 during midday trading on Friday, hitting $18.06. The company’s stock had a trading volume of 330,900 shares, compared to its average volume of 610,208. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.00 and a quick ratio of 1.00. Home Bancshares has a twelve month low of $15.35 and a twelve month high of $24.41. The company’s fifty day moving average price is $19.08 and its 200 day moving average price is $18.81. The stock has a market capitalization of $2.92 billion, a P/E ratio of 10.32 and a beta of 1.16.

Home Bancshares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Home Bancshares had a net margin of 36.19% and a return on equity of 12.64%. The firm had revenue of $164.05 million for the quarter, compared to analyst estimates of $166.83 million. During the same period in the previous year, the business earned $0.44 EPS. Equities analysts expect that Home Bancshares will post 1.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $0.52 annualized dividend and a dividend yield of 2.88%. Home Bancshares’s dividend payout ratio is presently 29.71%.

In other news, Director Jim Rankin sold 10,000 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $19.32, for a total transaction of $193,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Russell Davis Carter III sold 3,333 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $18.20, for a total transaction of $60,660.60. Following the transaction, the insider now owns 16,259 shares in the company, valued at $295,913.80. The disclosure for this sale can be found here. Insiders have sold a total of 43,552 shares of company stock worth $843,131 over the last 90 days. 8.70% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in HOMB. BlackRock Inc. boosted its holdings in shares of Home Bancshares by 0.3% during the 2nd quarter. BlackRock Inc. now owns 20,080,678 shares of the financial services provider’s stock worth $386,754,000 after buying an additional 59,522 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Home Bancshares by 6.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,929,353 shares of the financial services provider’s stock worth $64,206,000 after buying an additional 230,871 shares during the period. Northern Trust Corp boosted its holdings in shares of Home Bancshares by 46.0% during the 2nd quarter. Northern Trust Corp now owns 3,581,175 shares of the financial services provider’s stock worth $68,973,000 after buying an additional 1,128,511 shares during the period. Barr E S & Co. boosted its holdings in shares of Home Bancshares by 22.1% during the 2nd quarter. Barr E S & Co. now owns 2,426,357 shares of the financial services provider’s stock worth $46,732,000 after buying an additional 439,844 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Home Bancshares by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,977,844 shares of the financial services provider’s stock worth $38,093,000 after buying an additional 8,644 shares during the period. Institutional investors own 65.77% of the company’s stock.

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, NOW, demand, and money market accounts, as well as certificates of deposit.

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