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

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

A number of other research analysts have also weighed in on the stock. Royal Bank of Canada raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Stephens reissued an “overweight” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, July 18th. Finally, Piper Sandler upped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Hold” and a consensus target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.1 %

Shares of HOMB stock opened at $26.69 on Thursday. The stock has a fifty day simple moving average of $26.89 and a two-hundred day simple moving average of $25.33. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $28.99. The firm has a market capitalization of $5.35 billion, a PE ratio of 13.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results 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 analysts’ expectations of $258.90 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 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS. On average, analysts predict that Home Bancshares, Inc. will post 2.07 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th were given a $0.195 dividend. The ex-dividend date was Wednesday, August 14th. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a yield of 2.92%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 40.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock worth $156,946,000 after purchasing an additional 490,718 shares during the period. Wellington Management Group LLP grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 21.5% during the fourth quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after buying an additional 590,301 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $51,919,000 after buying an additional 11,499 shares during the last quarter. Bahl & Gaynor Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.4% in 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 period. Finally, Sei Investments Co. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 3.9% during the 2nd quarter. Sei Investments Co. now owns 837,676 shares of the financial services provider’s stock worth $20,071,000 after acquiring an additional 31,605 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.