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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Other equities analysts also recently issued research reports about the stock. Piper Sandler increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Finally, Stephens raised 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 research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.25.

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

Shares of NYSE:HOMB opened at $27.17 on Thursday. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 14.01 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $27.04 and a 200 day simple moving average of $25.57. Home Bancshares, Inc. has a one year low of $20.45 and a one year high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). The company had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 EPS. Research analysts predict that Home Bancshares, Inc. will post 2.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

Several large investors have recently modified their holdings of HOMB. Dimensional Fund Advisors LP raised its stake in Home Bancshares, Inc. (Conway, AR) by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock worth $156,946,000 after buying an additional 490,718 shares during the last quarter. Copeland Capital Management LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 0.9% during the third quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider’s stock worth $87,789,000 after buying an additional 28,604 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Home Bancshares, Inc. (Conway, AR) by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider’s stock worth $51,919,000 after buying an additional 11,499 shares during the last quarter. International Assets Investment Management LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after buying an additional 1,253,259 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 0.4% during the second quarter. Bahl & Gaynor Inc. now owns 929,038 shares of the financial services provider’s stock worth $22,260,000 after buying an additional 4,065 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

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.