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

StockNews.com cut shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) from a hold rating to a sell rating in a report issued on Thursday.

A number of other brokerages have also recently weighed in on HOMB. Stephens reaffirmed an “overweight” rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Hovde Group reduced their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and a consensus target price of $32.00.

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

Shares of HOMB opened at $25.21 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The firm has a market cap of $5.01 billion, a PE ratio of 12.48 and a beta of 0.93. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.91. The firm’s 50 day moving average price is $28.53 and its 200 day moving average price is $28.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The business had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. As a group, research analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a $0.195 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.09%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 38.61%.

Insider Buying and Selling

In related news, CEO John W. Allison bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the transaction, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. The trade was a 0.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.30% of the stock is owned by insiders.

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

Hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $28,000. Trust Co. of Vermont acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $40,000. Nomura Asset Management Co. Ltd. increased its stake in Home Bancshares, Inc. (Conway, AR) by 48.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 530 shares during the period. Parkside Financial Bank & Trust acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at approximately $53,000. Finally, UMB Bank n.a. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% in the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 777 shares during the period. 67.31% of the stock is owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) 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, and money market accounts, as well as certificates of deposit.