Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Lowered to Sell Rating by StockNews.com

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

Other equities research analysts have also issued research reports about the stock. Stephens raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Piper Sandler boosted their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.25.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.4 %

Shares of HOMB stock opened at $27.29 on Thursday. The business has a 50-day moving average of $27.05 and a 200 day moving average of $25.54. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.90. Home Bancshares, Inc. has a 1-year low of $19.92 and a 1-year high of $28.99. The stock has a market capitalization of $5.45 billion, a PE ratio of 14.06 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The company had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. During the same period last year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Home Bancshares, Inc. will post 2.05 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 40.21%.

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

Large investors have recently bought and sold shares of the company. Cetera Advisors LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at $543,000. Harbor Capital Advisors Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 292.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,274 shares of the financial services provider’s stock worth $773,000 after purchasing an additional 24,052 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 72.9% in the first quarter. BNP Paribas Financial Markets now owns 99,304 shares of the financial services provider’s stock worth $2,440,000 after acquiring an additional 41,872 shares during the last quarter. Bessemer Group Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 15.0% during the 1st quarter. Bessemer Group Inc. now owns 44,216 shares of the financial services provider’s stock valued at $1,087,000 after purchasing an additional 5,780 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 5.8% in the first quarter. Sei Investments Co. now owns 806,071 shares of the financial services provider’s stock worth $19,805,000 after buying an additional 44,026 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

About Home Bancshares, Inc. (Conway, AR)

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.