Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Upgraded at StockNews.com

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

Several other research analysts have also recently commented on HOMB. Stephens raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an overweight rating in a report on Friday, April 19th. Royal Bank of Canada reaffirmed a sector perform rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) has a consensus rating of Hold and a consensus price target of $26.00.

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

HOMB opened at $22.82 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.90. The business has a fifty day simple moving average of $23.80 and a 200 day simple moving average of $23.92. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $25.80. The company has a market capitalization of $4.57 billion, a PE ratio of 11.76 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The company had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. During the same quarter last year, the firm earned $0.54 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. Research analysts expect that Home Bancshares, Inc. will post 1.97 EPS for the current year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.16%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 37.11%.

Insiders Place Their Bets

In related news, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $24,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 20,544 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the sale, the chief financial officer now owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the transaction, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at $24,530. The disclosure for this sale can be found here. Insiders sold 45,606 shares of company stock worth $1,101,008 over the last three months. Insiders own 7.66% of the company’s stock.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of HOMB. Horrell Capital Management Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the first quarter. Horrell Capital Management Inc. now owns 117,584 shares of the financial services provider’s stock worth $2,889,000 after purchasing an additional 588 shares during the last quarter. Quadrant Capital Group LLC grew its holdings 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 acquiring an additional 677 shares during the last quarter. Strs Ohio increased its position in Home Bancshares, Inc. (Conway, AR) by 4.5% in the 4th quarter. Strs Ohio now owns 18,700 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 800 shares during the period. M&T Bank Corp increased its position in Home Bancshares, Inc. (Conway, AR) by 6.6% in the 4th quarter. M&T Bank Corp now owns 13,185 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 822 shares during the period. Finally, State of Michigan Retirement System raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.2% during the first quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock valued at $1,131,000 after acquiring an additional 1,000 shares during the last quarter. 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.