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

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

Several other research firms also recently weighed in on HOMB. Piper Sandler lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Finally, Stephens boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.4 %

Shares of Home Bancshares, Inc. (Conway, AR) stock traded down $0.38 on Thursday, hitting $27.29. 756,735 shares of the company traded hands, compared to its average volume of 970,689. The stock's 50 day moving average price is $27.04 and its 200-day moving average price is $25.52. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a 52 week low of $19.92 and a 52 week high of $28.99. The company has a market cap of $5.45 billion, a PE ratio of 14.07 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. During the same period in the prior year, the firm posted $0.47 EPS. The business's revenue was up 5.2% on a year-over-year basis. Equities research analysts predict that Home Bancshares, Inc. will post 2.06 EPS for the current year.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

Large investors have recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) in the first quarter worth $31,000. UMB Bank n.a. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 186.2% in the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock worth $33,000 after purchasing an additional 795 shares during the last quarter. GAMMA Investing LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 49.7% in the third 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 during the last quarter. Blue Trust Inc. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 41.6% in the third 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 during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in Home Bancshares, Inc. (Conway, AR) in the second quarter worth $75,000. Institutional investors 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.