Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Downgraded by StockNews.com

StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBFree Report) from a hold rating to a sell rating in a research note released on Saturday.

Other analysts also recently issued research reports about the company. Royal Bank of Canada restated a sector perform rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Stephens raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an overweight rating in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $26.00.

View Our Latest Stock Report on HOMB

Home Bancshares, Inc. (Conway, AR) Stock Performance

Shares of HOMB opened at $23.56 on Friday. The stock has a 50-day moving average of $23.78 and a two-hundred day moving average of $23.92. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $4.72 billion, a P/E ratio of 12.14 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The company had revenue of $246.40 million during the quarter, compared to analysts’ expectations of $240.46 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. As a group, research analysts predict that Home Bancshares, Inc. will post 1.97 EPS for the current year.

Home Bancshares, Inc. (Conway, AR) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a yield of 3.06%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 37.11%.

Insiders Place Their Bets

In related news, CFO Brian Davis sold 20,544 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the sale, the chief financial officer now owns 89,192 shares of the company’s stock, valued at approximately $2,186,987.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at approximately $24,530. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian Davis sold 20,544 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the transaction, the chief financial officer now owns 89,192 shares in the company, valued at approximately $2,186,987.84. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by company insiders.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

Large investors have recently made changes to their positions in the company. Gilliland Jeter Wealth Management LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $2,478,000. Norges Bank acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $54,498,000. Louisiana State Employees Retirement System acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $1,335,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $1,257,000. Finally, UBS Group AG increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 56.5% in the fourth quarter. UBS Group AG now owns 285,043 shares of the financial services provider’s stock valued at $7,220,000 after purchasing an additional 102,907 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Company Profile

(Get Free Report)

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.

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