Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) from a sell rating to a hold rating in a research report sent to investors on Thursday.

A number of other research analysts also recently weighed in on the company. Stephens restated an overweight rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday. Royal Bank of Canada raised their price target on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company a sector perform rating in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of Hold and an average target price of $27.25.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.8 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $27.14 on Thursday. The business’s 50 day simple moving average is $23.93 and its 200 day simple moving average is $23.88. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $27.39. The firm has a market cap of $5.44 billion, a PE ratio of 13.99 and a beta of 1.07. 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 announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The business had revenue of $254.60 million for the quarter, compared to analyst estimates of $247.26 million. During the same quarter last year, the firm earned $0.51 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts predict that Home Bancshares, Inc. will post 1.97 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.65%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 37.11%.

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

In other news, CFO Brian Davis sold 20,544 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total transaction 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 approximately $2,186,987.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the transaction, the chief accounting officer now directly owns 1,000 shares in the company, valued at approximately $24,530. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian Davis sold 20,544 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred 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 transaction, the chief financial officer now owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by corporate insiders.

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

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Home Bancshares, Inc. (Conway, AR) by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,496,911 shares of the financial services provider’s stock valued at $139,240,000 after purchasing an additional 432,091 shares during the period. Wellington Management Group LLP boosted its stake in Home Bancshares, Inc. (Conway, AR) by 21.5% in the 4th quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after purchasing an additional 590,301 shares during the period. Norges Bank bought a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $54,498,000. Goldman Sachs Group Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 10.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,106,693 shares of the financial services provider’s stock valued at $53,363,000 after purchasing an additional 203,566 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,561,671 shares of the financial services provider’s stock valued at $39,557,000 after purchasing an additional 21,894 shares during the period. 67.31% of the stock is currently owned by institutional investors.

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.