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

StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) from a hold rating to a sell rating in a report published on Friday.

A number of other brokerages also recently issued reports on HOMB. Stephens reaffirmed an "overweight" rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Hovde Group decreased their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $32.00.

Home Bancshares, Inc. (Conway, AR) Stock Up 5.7 %

Shares of Home Bancshares, Inc. (Conway, AR) stock traded up $1.42 on Friday, hitting $26.47. The company had a trading volume of 506,673 shares, compared to its average volume of 1,011,784. Home Bancshares, Inc. has a 1 year low of $20.22 and a 1 year high of $32.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The stock has a 50 day moving average of $28.88 and a 200-day moving average of $28.85. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 13.20 and a beta of 0.93.

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Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. During the same quarter last year, the business posted $0.43 earnings per share. Home Bancshares, Inc. (Conway, AR)'s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.95%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is 38.61%.

Insiders Place Their Bets

In other news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the purchase, the chief executive officer now owns 5,693,182 shares of the company's stock, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.30% of the company's stock.

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

Several hedge funds and other institutional investors have recently modified their holdings of HOMB. GAMMA Investing LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 4,445.3% in the 1st quarter. GAMMA Investing LLC now owns 74,407 shares of the financial services provider's stock valued at $21,030,000 after buying an additional 72,770 shares in the last quarter. 111 Capital purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $255,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 7.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,355 shares of the financial services provider's stock valued at $463,000 after purchasing an additional 1,093 shares during the period. Jefferies Financial Group Inc. purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $2,057,000. Finally, Mackenzie Financial Corp boosted its stake in Home Bancshares, Inc. (Conway, AR) by 177.7% in the 4th quarter. Mackenzie Financial Corp now owns 32,732 shares of the financial services provider's stock worth $926,000 after purchasing an additional 20,945 shares during the period. 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.