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

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

Several other research firms also recently commented on HOMB. Hovde Group dropped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Stephens restated an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Down 2.9 %

Shares of HOMB stock opened at $25.07 on Friday. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.91. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $29.20 and a 200-day moving average of $28.89. The firm has a market cap of $4.98 billion, a P/E ratio of 12.41 and a beta of 1.08.

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

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

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

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is owned by corporate insiders.

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

A number of large investors have recently modified their holdings of HOMB. FMR LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 51.9% during the third quarter. FMR LLC now owns 15,847 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 5,417 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 125.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 85,122 shares of the financial services provider’s stock worth $2,306,000 after acquiring an additional 47,444 shares during the last quarter. HighTower Advisors LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 5.7% in the third quarter. HighTower Advisors LLC now owns 20,030 shares of the financial services provider’s stock worth $545,000 after acquiring an additional 1,077 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Home Bancshares, Inc. (Conway, AR) by 277.2% in the third quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider’s stock valued at $647,000 after acquiring an additional 17,563 shares during the last quarter. Finally, Point72 DIFC Ltd raised its position in Home Bancshares, Inc. (Conway, AR) by 708.9% during the third quarter. Point72 DIFC Ltd now owns 25,392 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 22,253 shares in 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.