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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Several other equities research analysts also recently commented on HOMB. Royal Bank of Canada boosted their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Piper Sandler boosted their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Stephens reissued an “overweight” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.25.

Home Bancshares, Inc. (Conway, AR) Trading Up 2.3 %

HOMB opened at $28.33 on Wednesday. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 14.60 and a beta of 1.07. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $28.57. The business has a 50 day simple moving average of $24.19 and a two-hundred day simple moving average of $23.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $247.26 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. Analysts predict that Home Bancshares, Inc. will post 2.05 EPS for the current year.

Insiders Place Their Bets

In related news, insider Kevin Hester sold 25,263 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $27.00, for a total transaction of $682,101.00. Following the transaction, the insider now directly owns 114,912 shares in the company, valued at approximately $3,102,624. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Home Bancshares, Inc. (Conway, AR) news, insider Kevin Hester sold 25,263 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $27.00, for a total transaction of $682,101.00. Following the completion of the sale, the insider now owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian Davis sold 15,391 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $26.89, for a total value of $413,863.99. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at approximately $2,398,372.88. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by company insiders.

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

Hedge funds have recently bought and sold shares of the business. Horrell Capital Management Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the first quarter. Horrell Capital Management Inc. now owns 117,584 shares of the financial services provider’s stock valued at $2,889,000 after acquiring an additional 588 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 189.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 677 shares during the last quarter. Strs Ohio boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 4.5% during the fourth quarter. Strs Ohio now owns 18,700 shares of the financial services provider’s stock worth $473,000 after buying an additional 800 shares during the period. M&T Bank Corp boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 6.6% during the fourth quarter. M&T Bank Corp now owns 13,185 shares of the financial services provider’s stock worth $334,000 after buying an additional 822 shares during the period. Finally, State of Michigan Retirement System boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.2% during the first quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock worth $1,131,000 after buying an additional 1,000 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.