Zacks Investment Research downgraded shares of Home BancShares, Inc. (NASDAQ:HOMB) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

According to Zacks, “HOME BANCSHARES, INC. is a bank holding company, headquartered in Conway, Arkansas, with six wholly owned bank subsidiaries that provide a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities. Three of the bank subsidiaries are located in the central Arkansas market area, a fourth serves central and southern Arkansas, a fifth serves Stone County in north central Arkansas, and a sixth serves the Florida Keys and southwestern Florida. “

Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Home BancShares from a strong sell rating to a sell rating in a research note on Saturday, June 10th. Piper Jaffray Companies restated a hold rating and issued a $27.00 price target on shares of Home BancShares in a research note on Friday, July 21st. ValuEngine upgraded shares of Home BancShares from a hold rating to a buy rating in a research note on Friday, July 7th. Keefe, Bruyette & Woods restated a buy rating and issued a $30.00 price target on shares of Home BancShares in a research note on Friday, July 21st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $28.58.

Home BancShares (HOMB) opened at 23.45 on Wednesday. Home BancShares has a 52 week low of $19.74 and a 52 week high of $29.69. The company has a market capitalization of $3.36 billion, a P/E ratio of 17.54 and a beta of 1.19. The firm has a 50 day moving average of $23.50 and a 200-day moving average of $24.94.

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, beating analysts’ consensus estimates of $0.33 by $0.02. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. The company had revenue of $131.77 million for the quarter, compared to the consensus estimate of $132.18 million. During the same period last year, the company posted $0.31 EPS. On average, analysts forecast that Home BancShares will post $1.39 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date 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 (DPR) is 32.84%.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund bought a new position in Home BancShares in the 2nd quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Home BancShares by 8.5% during the 2nd 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 last quarter. Advisor Group Inc. raised its holdings in Home BancShares by 11.7% during the 2nd 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 last quarter. LS Investment Advisors LLC raised its holdings in Home BancShares by 58.7% during the 1st 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 last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in Home BancShares during the 1st quarter worth approximately $204,000. Institutional investors and hedge funds own 60.58% of the company’s stock.

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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