Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Cut 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 research note issued to investors on Saturday morning.

A number of other equities research analysts have also recently issued reports on HOMB. Stephens upped their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an overweight rating in a research report on Friday, April 19th. Royal Bank of Canada reaffirmed a sector perform rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $26.00.

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

Shares of HOMB opened at $23.31 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $25.80. The company’s fifty day moving average is $23.79 and its 200-day moving average is $23.92. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 12.02 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $246.40 million for the quarter, compared to analyst estimates of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. Equities analysts expect that Home Bancshares, Inc. will post 1.97 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th were given a $0.18 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.09%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 37.11%.

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

In other news, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the transaction, the chief accounting officer now owns 1,000 shares in the company, valued at approximately $24,530. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,186,987.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $24,530. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by corporate insiders.

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

Hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC grew its stake 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 purchasing an additional 677 shares during the period. EntryPoint Capital LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at $31,000. Headlands Technologies LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $35,000. TFO Wealth Partners LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 14,809.1% during the fourth quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 1,629 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 325.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,310 shares during the period. Institutional investors and hedge funds 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.