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

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

HOMB has been the topic of several other research reports. Stephens lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Royal Bank of Canada reiterated a "sector perform" rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Finally, Piper Sandler lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of "Hold" and a consensus price target of $28.25.

Home Bancshares, Inc. (Conway, AR) Price Performance

Home Bancshares, Inc. (Conway, AR) stock traded up $3.40 during mid-day trading on Wednesday, hitting $30.77. 2,781,606 shares of the company were exchanged, compared to its average volume of 974,760. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $27.09 and a 200 day moving average of $25.70. Home Bancshares, Inc. has a 1-year low of $20.45 and a 1-year high of $30.85. The company has a market capitalization of $6.14 billion, a PE ratio of 15.86 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). The firm had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. Home Bancshares, Inc. (Conway, AR)'s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. As a group, sell-side analysts expect that Home Bancshares, Inc. will post 2.05 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.53%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 40.21%.

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

Institutional investors have recently modified their holdings of the stock. UMB Bank n.a. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock worth $33,000 after buying an additional 795 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 1st quarter worth about $31,000. GAMMA Investing LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock worth $35,000 after purchasing an additional 427 shares in the last quarter. Blue Trust Inc. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider's stock worth $49,000 after purchasing an additional 528 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter worth about $75,000. 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.