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

StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

A number of other research firms have also issued reports on HOMB. Piper Sandler 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 research report on Friday, October 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Finally, Stephens upped their price target on shares of 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.25.

Home Bancshares, Inc. (Conway, AR) Trading Up 12.4 %

NYSE:HOMB opened at $30.77 on Wednesday. The company has a market capitalization of $6.12 billion, a P/E ratio of 15.86 and a beta of 1.05. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a 12 month low of $20.45 and a 12 month high of $30.85. The firm has a fifty day simple moving average of $27.09 and a 200-day simple moving average of $25.70.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that Home Bancshares, Inc. will post 2.05 earnings per share for the current year.

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

The company also recently announced 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 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at about $31,000. UMB Bank n.a. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% in the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after buying an additional 795 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after buying an additional 427 shares during the period. Blue Trust Inc. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after buying an additional 528 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter valued at $75,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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.