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

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

Several other research analysts also recently issued reports on HOMB. Hovde Group reduced their price target on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report 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 report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

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

NYSE:HOMB traded up $0.45 during mid-day trading on Friday, hitting $26.77. The company's stock had a trading volume of 26,688 shares, compared to its average volume of 1,016,334. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $27.98 and a 200-day moving average of $28.80. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 13.23 and a beta of 0.93. Home Bancshares, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. The business had revenue of $260.08 million during the quarter, compared to analysts' expectations of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. As a group, equities analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

Institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $28,000. Trust Co. of Vermont acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $40,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock worth $46,000 after buying an additional 530 shares during the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $53,000. Finally, UMB Bank n.a. increased its position in Home Bancshares, Inc. (Conway, AR) by 63.6% during the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock worth $57,000 after buying an additional 777 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.