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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Thursday.

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

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

Shares of Home Bancshares, Inc. (Conway, AR) stock traded up $0.29 during mid-day trading on Thursday, hitting $26.07. The stock had a trading volume of 51,796 shares, compared to its average volume of 1,016,841. The firm has a market cap of $5.18 billion, a P/E ratio of 12.90 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average of $28.43 and a two-hundred day moving average of $28.81. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.91.

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

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In related news, CEO John W. Allison bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the acquisition, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

Hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $28,000. Trust Co. of Vermont purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at approximately $40,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 530 shares in the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $53,000. Finally, UMB Bank n.a. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock worth $57,000 after purchasing an additional 777 shares in the last quarter. 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.