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

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 Thursday morning.

A number of other equities research analysts have also weighed in on HOMB. Stephens reaffirmed an overweight rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday. Royal Bank of Canada raised their target price on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company a sector perform rating in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $27.25.

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

Shares of NYSE HOMB opened at $27.14 on Thursday. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 13.99 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $27.39. The business has a 50-day moving average of $23.93 and a 200-day moving average of $23.87.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 EPS. On average, equities analysts anticipate that Home Bancshares, Inc. will post 2.02 EPS 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, June 5th. Investors of record on Wednesday, May 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.65%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 37.11%.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Brian Davis sold 20,544 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the sale, the chief financial officer now directly owns 89,192 shares in the company, valued at approximately $2,186,987.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the transaction, the chief accounting officer now owns 1,000 shares in the company, valued at $24,530. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by corporate insiders.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after buying an additional 677 shares during the period. EntryPoint Capital LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the first quarter valued at approximately $31,000. Headlands Technologies LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $35,000. TFO Wealth Partners LLC raised its position in shares of 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 during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 325.9% in 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 during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

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.