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

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

Several other research firms have also recently weighed in on HOMB. Royal Bank of Canada decreased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating for the company in a research report on Monday, April 21st. Stephens reiterated an "overweight" rating and set a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday, April 21st. Finally, Hovde Group decreased their price objective 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 report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.1 %

NYSE HOMB traded up $0.04 on Thursday, hitting $27.94. The company's stock had a trading volume of 773,051 shares, compared to its average volume of 1,020,582. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91. The company's 50-day moving average is $27.69 and its 200 day moving average is $28.84. The firm has a market cap of $5.55 billion, a PE ratio of 13.83 and a beta of 0.93.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 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 $260.08 million during the quarter, compared to analysts' expectations of $255.20 million. As a group, analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,500 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total value of $68,625.00. Following the transaction, the chief accounting officer now directly owns 4,301 shares of the company's stock, valued at approximately $118,062.45. This trade represents a 36.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $28,000. Trust Co. of Vermont bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $40,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% during the fourth 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 bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $53,000. Finally, UMB Bank n.a. lifted its position 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 valued at $57,000 after purchasing an additional 777 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

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.