Home BancShares, Inc. (NYSE:HOMB) Receives $32.83 Consensus PT from Analysts

Home BancShares, Inc. (NYSE:HOMB) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $32.8333.

A number of brokerages have issued reports on HOMB. Piper Sandler set a $34.00 price target on Home BancShares and gave the company an “overweight” rating in a report on Friday. Wall Street Zen downgraded Home BancShares from a “hold” rating to a “sell” rating in a report on Sunday, October 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home BancShares in a research note on Wednesday, October 8th. Cantor Fitzgerald began coverage on Home BancShares in a research report on Wednesday, September 10th. They set a “neutral” rating and a $32.00 target price on the stock. Finally, Keefe, Bruyette & Woods increased their target price on Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, July 21st.

Insider Transactions at Home BancShares

In other news, CEO John W. Allison sold 110,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $30.02, for a total transaction of $3,302,200.00. Following the completion of the transaction, the chief executive officer directly owned 5,540,776 shares in the company, valued at approximately $166,334,095.52. This represents a 1.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Home BancShares

Several hedge funds and other institutional investors have recently made changes to their positions in HOMB. Wealth Enhancement Advisory Services LLC increased its position in Home BancShares by 12.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider’s stock worth $522,000 after buying an additional 2,096 shares during the period. Principal Financial Group Inc. grew its stake in shares of Home BancShares by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 428,649 shares of the financial services provider’s stock valued at $12,118,000 after purchasing an additional 4,019 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Home BancShares by 60.8% in the 1st quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 995 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Home BancShares by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider’s stock valued at $63,390,000 after purchasing an additional 75,463 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Home BancShares by 48.0% in the 1st quarter. Cerity Partners LLC now owns 18,804 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 6,102 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home BancShares Stock Down 0.6%

NYSE HOMB opened at $27.18 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $28.73 and a two-hundred day moving average of $28.35. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 11.71 and a beta of 0.78. Home BancShares has a 52 week low of $24.22 and a 52 week high of $32.90.

Home BancShares (NYSE:HOMB) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. Home BancShares had a return on equity of 10.94% and a net margin of 31.20%.The firm had revenue of $277.70 million during the quarter, compared to the consensus estimate of $269.96 million. During the same period in the previous year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that Home BancShares will post 2.19 earnings per share for the current year.

About Home BancShares

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.