StockNews.com Downgrades Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) to Sell

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

Other equities analysts have also recently issued reports about the company. Hovde Group decreased their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Stephens reiterated an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.00.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $25.07 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.91. The company has a fifty day moving average of $29.20 and a 200-day moving average of $28.89. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 12.41 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). The business had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. Equities research analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was bought at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the purchase, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is owned by insiders.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $60,169,000. Boston Partners purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at $27,825,000. Point72 Asset Management L.P. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1,545.1% in the fourth quarter. Point72 Asset Management L.P. now owns 393,171 shares of the financial services provider’s stock worth $11,127,000 after acquiring an additional 369,271 shares during the period. Fisher Asset Management LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 18.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock valued at $59,160,000 after buying an additional 324,664 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 24.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,285,348 shares of the financial services provider’s stock valued at $36,375,000 after buying an additional 250,703 shares during the period. Hedge funds and other 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.