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

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

A number of other brokerages also recently weighed in on HOMB. Hovde Group cut their price target on shares of 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. Stephens reiterated an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.00.

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

Shares of NYSE:HOMB opened at $25.21 on Thursday. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 12.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.91. The stock’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 posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. Equities research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

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

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was 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 directly owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

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