Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Downgraded 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 report released on Tuesday morning.

Several other brokerages have also weighed in on HOMB. Royal Bank of Canada reissued a sector perform rating and issued a $26.00 price objective 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 company 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. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $26.00.

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

Shares of NYSE HOMB opened at $23.54 on Tuesday. The firm has a 50-day simple moving average of $23.98 and a 200-day simple moving average of $23.73. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 12.13 and a beta of 1.09. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The firm had revenue of $246.40 million during the quarter, compared to analysts’ expectations of $240.46 million. During the same period last year, the business earned $0.54 earnings per share. Home Bancshares, Inc. (Conway, AR)’s revenue was down 1.0% compared to the same quarter last year. On average, equities analysts predict that Home Bancshares, Inc. will post 1.97 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.72 annualized dividend and a yield of 3.06%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 37.11%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the sale, the director now directly owns 215,854 shares in the company, valued at approximately $5,128,691.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Brian Davis sold 20,544 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,186,987.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna Townsell sold 22,729 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the transaction, the director now directly owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,606 shares of company stock worth $1,101,008. Corporate insiders own 7.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its position in Home Bancshares, Inc. (Conway, AR) by 189.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 677 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth approximately $31,000. Headlands Technologies LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $35,000. TFO Wealth Partners LLC increased its position in Home Bancshares, Inc. (Conway, AR) by 14,809.1% during the 4th quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,629 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in Home Bancshares, Inc. (Conway, AR) by 325.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,310 shares in the last quarter. Institutional investors and hedge funds 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.